E-commerce market volume exceeds $ 6.5M in Azerbaijan

Business Materials 13 November 2014 16:10 (UTC +04:00)

Baku, Azerbaijan, Nov. 13

By Huseyn Valiyev - Trend:

E-commerce market volume amounted to 5.1 million AZN in Azerbaijan in January-October 2014, the Azerbaijani State Statistics Committee said.

The total volume of retail e-commerce in Azerbaijan increased by 2.5 times compared to the same period of 2013.

E-commerce market participants are legal and physical entities engaged in e-commerce and buyers of goods and services.

Some 91.6 percent of goods purchased in electronic form by the population of Azerbaijan during reporting period accounted for legal entities and 8.4 percent - physical entities.

Non-food products accounted for 95 percent of e-commerce market turnover.

The total retail trade volume amounted to 17.5 billion AZN in Azerbaijan in January-October 2014. The sales of consumer goods in the country increased by 9.6 percent compared to the same period of last year.

About 50 percent fell to non-food products. The share of non-food products increased by 3.5 percentage points compared to the same period of 2013.

The official exchange rate is 0.7843 AZN/USD Nov. 13.