BAKU, Azerbaijan, February 20. The production value of industrial goods and services provided in Baku last year amounted to 53.2 billion manat ($31.3 billion).
Data obtained by Trend from the Baku City Statistics Department shows that this indicator decreased by 2.9 billion manat ($1.7 billion), or 5.2 percent compared to the previous year (56.1 billion manat or $32.9 billion).
Of the industrial products, 75.9 percent were produced in mining, 20.9 percent in manufacturing, 2.3 percent in electricity, gas, and steam production, distribution, and supply, and 0.9 percent in water supply, waste treatment, and recycling sectors.
The share of the non-governmental sector in industry was 82.8 percent. In the total volume of production, the share of industrial products was 89.9 percent, and the provision of industrial services accounted for 10.1 percent.
A large portion of the produced goods was sent to consumers, and taking into account the reserves accumulated in previous periods, as of January 1, 2025, there was a stock of finished products worth 342.3 million manat ($200 million) in the warehouses of industrial enterprises.
The storage facilities of manufacturing entities currently house an inventory valued at 55.2 million manat ($32.3 million) comprising ancillary products sourced from various suppliers, earmarked for commercial distribution.
