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Retail trade turnover in Azerbaijan continues to grow

Business Materials 12 July 2019 14:33 (UTC +04:00)

Baku, Azerbaijan, July 12

By Kheyraddin Nasirzade - Trend:

The total cost of products sold to the population of Azerbaijan through the retail trade network in January-June 2019 increased by 2.8 percent compared to the same period last year and amounted to 18 billion manats, Trend reports referring to Azerbaijan’s State Statistical Committee.

Some 8.944 billion manats of trade turnover accounted for food products, beverages and tobacco products, and 9.033 billion manats – for non-food products. Compared to the same period last year, the cost of goods sold increased by 2.5 percent and 3.1 percent, respectively.

Thus, 44.9 percent of the funds spent by buyers during the reporting period accounted for funds spent on the purchase of food products, 4.9 percent for beverages and tobacco products, 18 percent for textiles, clothing and footwear, 5.9 percent for electrical goods and furniture, 5.5 percent for car fuel, 1.3 percent for drugs and medical goods, 0.8 percent for computers, telecommunications equipment and printed products, and 18.7 percent for other non-food products.

In January-June this year, 20 percent of consumer goods were sold by trade enterprises, 49 percent by private entrepreneurs and 31 percent in markets and on fairs.

Compared to the same period last year, the retail turnover of enterprises grew by 27.8 percent and of private entrepreneurs by 0.2 percent, while the trade turnover of fairs decreased by 5.3 percent.

In the reporting period, the average monthly retail turnover per capita amounted to 303.2 manats, which is 11.5 manats more compared to the same period in 2018.

(1 USD = 1.7 AZN on July 12)

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Follow the author on Twitter: @1nasirzade

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