Value of Baku's industrial production surges by over 2%

In January-February of 2025, the value of goods produced and services rendered in the industry in Baku city amounted to 8.7 billion manats (over $5.11 billion), which is 0.2 billion manats ($117.6 million) or 2.3% more year-on-year, Report informs, citing the Baku City Statistical Office.

Over the course of two months, industrial production in Baku was largely driven by the mining sector, which accounted for 73.5% of the total output. The processing industry contributed 22.9%, while electricity, gas, and steam production, along with distribution and supply, made up 3.1%. Meanwhile, 0.5% of industrial production came from the water supply, waste treatment, and processing sectors.

The share of the private sector in the industry was 79.1%. In the total volume of production, the share of industrial products was 89.8%, while the industrial services' share was 10.2%.

The majority of the manufactured products were sent to consumers, and considering the inventories created in previous periods, industrial enterprises had a ready-made product inventory worth 575.3 million manats (just over $338.4 million) in their storages as of March 1, 2025.

Industrial enterprises' warehouses held additional products acquired from other businesses for resale, totaling 44.3 million manats ($26.05 million).