E-commerce market volume exceeds $ 1.7M in Azerbaijan
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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