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Azerbaijan sees growth in retail trade turnover

Economy Materials 6 December 2023 09:19 (UTC +04:00)
Azerbaijan sees growth in retail trade turnover
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 6. Azerbaijan's retail trade turnover grew by 3.4 percent from January through October 2023 year-on-year and reached 46.17 billion manat ($27.16 billion), Trend reports.

The data of the State Statistics Committee showed that in the reporting period the turnover of food, beverages and tobacco products increased by 2.2 percent (to 25.8 billion manat or $15.18 billion), and non-food goods - by 4.9 percent (to 20.3 billion manat or $11.9 billion).

Meanwhile, the population spent 51.7 percent on food products, 4.2 percent on beverages and tobacco products, 14 percent on textiles, clothing and footwear, 5.5 percent on motor fuel, 4.9 percent on electrical goods and furniture, 2.2 percent on pharmaceutical goods and medicines, 1.1 percent on computers and 16.4 percent on other non-food products.

The value of goods sold by economic entities of the non-state sector increased by 3.4 percent from January through October 2023 year-on-year and accounted for 99.7 percent of the total retail trade turnover.

Average monthly per capita retail trade turnover in Azerbaijan amounted to 454.9 manat ($267.59), including turnover of food, beverages and tobacco products - 254.5 manat ($149.7), non-food products - 200.4 manat ($117.88).

Earlier in 2022, the turnover of retail trade in Azerbaijan increased by 3.1 percent year-on-year and reached 52.1 billion manat ($30.6 billion).

The turnover of food, beverages and tobacco products increased by 2.3 percent (to 29.4 billion manat or $17.2 billion), non-food goods - by four percent (to 22.8 billion manat or $13.4 billion).

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