Azerbaijan records decline in total retail sales of products

Business Materials 13 November 2020 23:57 (UTC +04:00)
Azerbaijan records decline in total retail sales of products

BAKU, Azerbaijan, Nov.13

By Fidan Babayeva - Trend:

The cost of products sold in retail chains from January through October 2020 in Azerbaijan amounted to 31.6 billion manat ($18.6 billion), which is 1.5 percent less compared to the same period of 2019, Trend reports on Nov.13 citing reports from the State Statistical Committee of Azerbaijan.

According to the committee, the turnover of food, drinks and tobacco products amounted to 17 billion manat ($10 billion), and non-food products – 14.6 billion manat ($8.5 billion). The cost of sold food products increased by 6.1 percent compared to the same period of 2019, while non-food products decreased by 3 percent.

During the reporting period, the commodity market indicators was as follows:


Sales revenue

Percentage ratio to January-October 2019

Retail trade turnover

31.6 billion manat ($18.6 billion)

- 1.5


15.4 billion manat ($9 billion)


textiles, clothing and footwear

5 billion manat ($2.9 billion)


electrical goods and furniture

1.77 billion manat ($1.04 million)


computers, telecommunications equipment and printing products

248.6 million manat ($146.3 million)


pharmaceutical and medical products

553.3 million manat ($325.6 million)


automotive fuel

1.7 billion manat ($1 billion)


other non-food products

5.2 billion manat ($3 million)


"In the past ten months of this year, 48.7 percent of the funds spent by buyers (final consumption goods) fell on food, 16.1 percent - on textiles, clothing and footwear; 5.6 percent - furniture and electrical appliances, the purchase of automotive fuel accounted for 5.4 percent of the total spent funds, pharmaceutical and medical products - 1.7 percent, computers, telecommunications equipment and printing products - 0.8 percent. Also, 16.6 percent of the share of the total amount accounted for other non-food products," said the report.

"Trade enterprises sold about 23.1 percent of consumer goods from January through October 2020. Individual entrepreneurs accounted for 52.9 percent, markets and fairs - 24 percent of the specific share," the report said.

The share of retail turnover increased by 7.6 percent for enterprises over the year, by 3.8 percent for individual entrepreneurs, and decreased by 17.5 percentage points for markets and fairs.

The average monthly retail trade turnover per capita in the reporting period of 2020 amounted to 317.4 manat ($186.8), increasing by 2.9 manat ($1.7) year on year.

In 2019, the average monthly volume of sold food products per capita amounted to 170.8 manat ($100.5), and non-food products – 146.6 manat ($86.2).

(1 USD = 1.7 manat on Nov.13)


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