. In January-May 2016 the volume of industrial production in Azerbaijan made in constant prices 12.1 billion manats, which is 0.3% less than in the comparable period of 2015, the State Statistics Committee said.
In the non-oil sector, which accounts for 27% of industrial production (3 billion 270 million AZN), a 3.5% rise was marked. In the oil sector decrease in production by 0.8% was recorded.
The mining industry accounts for 64.5% of industrial output, and the processing industry accounts for 28.6%, etc.
Industrial goods make up 86.4% of the industrial production. The remaining 13.6% are industrial services.
In May, industrial production increased by 9.8%.
The share of private sector in industry is 79.5%. This also includes the activities of foreign companies involved in the development of oil and gas fields. -------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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