For five months Azerbaijan produced industrial output of 12.1 billion AZN, which is 0.3% less in comparable prices than in the comparable period of 2015, the State Statistics Committee said.
During the mentioned period, the production of oil in real terms decreased by 0.7%, natural gas – by 9.9%, electricity – by 6.8%, as well as some of the processing industry products.
During the reporting period the share of the mining industry in the structure of industrial production amounted to 64.5%, the manufacturing sector - 28.6%, the production, distribution and supply of electricity, gas and steam - 6.1%, etc.
According to the SSC estimates, for January - May the production of leather footwear decreased by 73.6%, paper and cardboard - 6%, printing products - 7.5%, chemical products - 18.8%, rubber and plastic products - 22.6 %, iron and steel products - 9.4%, furniture - 8.3%, etc.
The government says the economy, including industrial production, is diversified in Azerbaijan. However, the same official statistics do not confirm these thoughts. ----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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