BAKU, Azerbaijan, August 10. The volume of trade turnover in Baku from January through June 2024 increased by 4.5 percent compared to the figure in 2023 and amounted to 15.9 billion manat ($9.3 billion), a source in the Baku City Statistics Department told Trend.
The source data shows that sales of food, beverages, and tobacco products in Baku's trade network grew by 0.6 percent in the reporting period compared to the same period in 2023 to nine billion manat ($5.3 billion).
Besides, sales of non-food products grew by 10.5 percent to 6.77 billion manat ($3.98 billion).
The departmental data also shows that 36.9 percent of the products supplied came from capital markets, 48.7 percent - from trade objects held by individual entrepreneurs, and 14.4 percent - from businesses having legal entity status.
To note, the retail trade turnover in Azerbaijan grew 3.4 percent from January through June 2024 compared to 2023 and reached 27.2 billion manat ($16 billion).
Thus, in the first half of the year, the city of Baku accounted for 58.3 percent of the total trade turnover.
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