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E-commerce market volume exceeds $8.8M in Azerbaijan

Business Materials 15 October 2015 14:13 (UTC +04:00)

Baku, Azerbaijan, Oct. 15

By Huseyn Valiyev - Trend:

E-commerce market volume amounted to 9.3 million manat in Azerbaijan as of January-September 2015, the State Statistics Committee said Oct. 15.

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

Some 92.2 percent of goods purchased in electronic form by the population of Azerbaijan in January-September 2015 accounted for legal entities and 7.8 percent - physical entities.
Non-food items accounted for 96.4 percent of e-commerce market turnover.

The total retail trade volume amounted to 18.1 billion manat in Azerbaijan in January-September. The sales of consumer goods in the country increased by 11.4 percent compared to the same period of 2014. Some 49.7 percent accounted for food.

The official exchange rate is 1.0469 AZN/USD Oct. 15.

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