Volume of trade turnover in Baku up by nearly 5%

In 2024, the volume of trade turnover in Baku amounted to just over 37.756 billion manats (over $22.209 billion), marking a 4.6% increase year-on-year, Report informs, citing the Baku City Statistical Department.

In 2024, the value of food, beverages, and tobacco products sold in the trade network rose by 2.5% compared to 2023, surpassing 21.339 billion manats (over $12.552 billion), while the volume of non-food products surged by 8.6%, reaching almost 16.417 billion (just under $9.657 billion).

Some 32.8% of consumer products were sold in enterprises with legal entity status, 55.4% in trade facilities belonging to individual entrepreneurs, and 11.8% in Baku’s markets.