BAKU, Azerbaijan, March 18
By Eldar Janashvili – Trend:
The cost of products sold in Azerbaijan’s retail network amounted to 5.9 billion manat ($3.5 billion) from January through February 2020, exceeding the indicator of the same period of 2019 by 3.1 percent, Trend reports referring to Azerbaijan’s State Statistics Committee.
The turnover of products, drinks and tobacco products amounted to 2.9 billion manat ($1.7 billion), non-food items – 2.9 billion manat ($1.7 billion), the cost of sold products, respectively, was 2.6 percent and 3.6 percent more than from January through February 2019.
Some 45.1 percent of the funds spent by buyers (of consumer goods) accounted for food products, 6 percent for drinks and tobacco products, 18 percent for textile products, clothes and footwear, 6 percent for furniture and electrical goods, 5.3 percent for the purchase of motor fuel, 1.6 percent for pharmaceutical and medical products, 0.7 percent for computers, telecommunications equipment and printing products. Some 17.3 percent of the total value accounted for other non-food products in 2019.
Around 21 percent of consumer goods were sold by trading companies from January through February 2020. Individual entrepreneurs accounted for 52 percent, markets and fairs - 27 percent of the specific share.
The retail trade turnover in real terms increased by 24 percent for enterprises, 2 percent for individual entrepreneurs and 8 percent for markets and fairs from January through February 2020 compared to the same period of 2019.
The average monthly turnover of retail trade per capita from January through February 2020 amounted to 294.3 manat ($173.1) or 14.9 manat ($8.8) more in nominal terms than from January through February 2019.
The average monthly volume of the sold food products per person amounted to 150.4 manat ($88.5), non-food products - 143.9 manat ($84.6) in 2019.
($1= 1.7 manat on March 18)
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