Volume of e-commerce market makes up $1.6 million in Azerbaijan
Baku, Azerbaijan, July 11
By Huseyn Valiyev - Trend:
As of January-June 2014, the volume of the electronic-commerce (e-commerce) market totaled 1.3 million AZN in Azerbaijan, according to the report of the State Statistical Committee.
The total volume of the retail e-commerce has increased by 15.8 percent in Azerbaijan compared to the same period in 2013, the report said.
The participants of the e-commerce market are legal entities and individuals who are implementing electronic commerce and who are the buyers of goods and services.
Some 78.7 percent out of the purchased goods by the Azerbaijani population in electronic form accounted for legal entities for the reported period and 21.3 percent - for individuals. Some 90.6 percent of the market turnover of e-commerce accounted for non-food products.
Total retail sales in Azerbaijan amounted to 10.1 billion AZN for the first half of 2014. The sales of consumer goods in the country grew by 8.9 percent, compared with the same period last year.
Herewith, some 5.1 billion AZN accounted for consumer goods (food, beverages and tobacco), and 5 billion AZN for non-food products. The specific weight of non-food products increased by 3.5 percentage points for the reported period.
The official exchange rate on July 11 is 0,7844 AZN / USD.
Edited by S.I.