Volume of trade turnover in Baku rises by 5%

In January-November 2024, the volume of trade turnover in Baku amounted to 31.599 billion manats ($18.587 billion), marking a 5% increase year-on-year, Report informs, citing the Baku City Statistical Office.

The value of food products, beverages, and tobacco products sold in the trade network rose by 2.3% compared to the corresponding period in 2023, reaching almost 17.937 billion manats ($10.55 billion), while the volume of non-food products surged by 8.7%, surpassing 13.662 billion ($8.036 billion).

Some 35.8% of consumer products were sold in enterprises with legal entity status, 50.9% in trade facilities belonging to individual entrepreneurs, and 13.8% in Baku’s markets.