In January-April this year the volume of industrial production in Azerbaijan totaled 8.5 billion manat, which at current prices is 22.7% (2.5 bn. AZN) less than in the same period of 2014.
According to the State Statistics Committee, the volume of industrial production in the reporting period grew at stable prices by 3.7%. Statistical growth was achieved due to the increase in output. At the same time producer prices of manufactured goods were increased during the period by an average of 5.7%.
In the non-oil sector, industrial output in comparable prices grew by 10.5% and in the oil sector – by 2.9%, according to SSC.
The mining industry accounts for 62.3% (in the same period in 2014 - 72.5%) and the processing industry – for 28.5% (20.8%), etc. ---08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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