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Azerbaijani e-commerce market increases 1.7 times

Azerbaijan Materials 12 February 2014 16:54 (UTC +04:00)
The volume of electronic commerce in Azerbaijan was 242.3 000 manats in January 2014.

Baku, Azerbaijan, Feb. 12

By Huseyn Valiyev - Trend:

The volume of electronic commerce in Azerbaijan was 242.3 000 manats in January 2014, the information of the State Statistical Committee of the country said on Feb. 11.

The total volume of retail electronic commerce in Azerbaijan increased 1.7 times compared with the indicator of January 2013.

Both individuals and legal entities participated in the e-commerce market.

Legal entities purchased 84.5 percent of goods while individuals bought 15.5 percent. Non-food goods accounted for 91.9 percent of turnover in the e-commerce market.

The total volume of retail commerce in Azerbaijan in January 2014 was 1.7 billion manats.

The purchase of food products in the country increased by 9.3 percent compared with the indicator of January 2013.

900.3 million manats fell on consumer goods (food, beverages and tobacco), and 765.6 million manats - the share of non-food products. Share of non-food products increased by 5.1 percentage points.

The official exchange rate on Feb. 12 is 0.7843 AZN/USD.

Translated by R.A.

Edited by C.N.

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