BAKU, Azerbaijan, March 17. Industrial production in Azerbaijan from January through February 2025, including both state-owned enterprises and individual entrepreneurs, amounted to 10.7 billion manat ($6.2 billion), reflecting a decrease of 1.9 percent compared to the same period in 2024.
Data obtained by Trend from the State Statistical Committee indicates that the decline was primarily driven by the oil and gas sector, where production fell by 3.2 percent. However, the non-oil and gas sector hit the ground running with a growth of 6.7 percent.
The majority of industrial output, around 60.9 percent, was in the mining sector, followed by 31.8 percent in manufacturing, 6.4 percent in electricity, gas, and steam production, distribution, and supply, and 0.9 percent in water supply, wastewater treatment, and waste disposal sectors. The non-state sector accounted for 77.4 percent of total industrial production. When it comes to industrial products, a whopping 88.8 percent were churned out through manufacturing, while the rest, a modest 11.2 percent, trickled in from industrial services.
The majority of the manufactured products were delivered to consumers, with consideration given to reserves accumulated from previous periods. By March 1, 2025, finished goods in industrial enterprise warehouses were valued at 1 billion manat ($588.2 million). Of these, 55.9 percent were stored in Baku, 14.2 percent in Sumgayit, and smaller portions in other cities like Shirvan, Ganja, and Nakhchivan Autonomous Republic. Additionally, there were 94.3 million manat ($55.4 million) worth of products for sale, sourced from other enterprises, stored in the warehouses.