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E-commerce market volume exceeds $ 1.1M in Azerbaijan

Business Materials 13 February 2015 11:34 (UTC +04:00)

Baku, Azerbaijan, Feb. 13

By Huseyn Valiyev - Trend:

E-commerce market volume amounted to 864,900 AZN in Azerbaijan in January 2015, the Azerbaijani State Statistics Committee said Feb. 13.

The total volume of retail e-commerce in Azerbaijan increased by 1.5 times compared to January 2014.

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

Some 92.8 percent of goods purchased in electronic form by the population of Azerbaijan in 2014 accounted for legal entities and 7.2 percent - physical entities.

Non-food items accounted for 96 percent of e-commerce market turnover.

The total retail trade volume amounted to 1.8 billion AZN in Azerbaijan in January 2015. The sales of consumer goods in the country increased by 9.4 percent compared to January 2014.

About 50.2 percent fell to non-food items. The share of non-food products increased by 3.8 percentage points compared to January 2014.

The official exchange rate is 0.7844 AZN/USD Feb. 13.

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