The production volume in Azerbaijan’s mining industry totaled 41.2 billion manats in 2024, according to data from the State Statistics Committee.
This represents a decrease of 3.7 billion manats or 8.3% compared to the previous year. In 2023, the mining industry production volume was 44.9 billion manats.
Key figures for 2024:
- Metal ore mining: 382 million manats
- Other mining sectors: 256 million manats
- Mining industry services: 2.5 billion manats
Other sectors within the mining industry also contributed to the overall production volume. The extraction of metal ores accounted for 382 million manats, while other mining activities generated 256 million manats. Additionally, mining-related services amounted to a production value of 2.5 billion manats.
Despite the year-over-year decrease, the mining sector continues to play a major role in Azerbaijan’s economy, accounting for a significant portion of the country’s industrial output
