E-commerce market volume exceeds $ 1.7M in Azerbaijan

Business Materials 10 March 2015 12:37 (UTC +04:00)

Baku, Azerbaijan, March 10

By Huseyn Valiyev - Trend:

E-commerce market volume amounted to 1.689 million AZN in Azerbaijan in January-February 2015, the Azerbaijani State Statistics Committee said March 10.

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

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

Some 92.7 percent of goods purchased in electronic form by the population of Azerbaijan in 2014 accounted for legal entities and 7.3 percent - physical entities.

Non-food items accounted for 95.9 percent of e-commerce market turnover.

The total retail trade volume amounted to 3.5 billion AZN in Azerbaijan in January-February 2015. The sales of consumer goods in the country increased by 8.5 percent compared to January-February 2014.

About 50.1 percent fell to non-food items. The share of non-food items increased by 3.3 percentage points compared to January-February 2014.

The official exchange rate is 1.0491 AZN/USD March 10.


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