Being one of the leading sectors in the economy of Azerbaijan, mining industry holds the largest share in the industrial production.
Enjoying an increase in the production of precious metals, such as gold and silver, Azerbaijan also sees growth in the mining products exports.
The country exported 2,302 kg of gold worth $70.4 million to world markets in the first half of 2019. The gold exports increased by 60.1% in quantitative terms and by 15.9% in value terms compared to the same period in 2018. All export of gold accounted for Switzerland in the first half of 2019.
In January-June 2018 gold exports from Azerbaijan amounted to 1,430 kg worth $60.7 million.
Gold mining in Azerbaijan amounted to 1,720 kg in January-June. Last year Azerbaijan exported 2,904 kg of gold for $118.04 million to world markets.
Azerbaijan has rich gold deposits. Gold is mostly produced in Dashkasan and Gadabay regions of the country. (AzerNews/Ukrainian metal)