Azerbaijan sees over 3% growth in retail trade turnover 

In January-May this year, goods worth 17.7 billion manats ($10.41 billion) were sold to consumers in Azerbaijan’s retail network, including food products, drinks, and tobacco products - for 10.1 billion manats ($5.94 billion), non-food products - for 7.6 billion manats ($4.47 billion), Report informs citing the State Statistics Committee.

Compared to January-May last year, the retail trade turnover in real terms increased by 3.1%, including food products, drinks, and tobacco products - by 2.5%, and non-food products, drinks, and tobacco products - by 3.8%.

During the reporting period, the buyers spent 52.1% of funds on food, 5.1% on drinks and tobacco products, 13% on textiles, clothing, and footwear, 5.8% on motor gasoline and diesel fuel, 4.6% on electrical goods and furniture, 2.5% on pharmaceuticals and medical supplies, 1.2% on the purchase of computers, telecommunications equipment, and printed products, and 15.7% on other non-food products.

In the first quarter of 2022, the cost of goods sold by economic entities of the non-state sector increased in real terms by 3.1% compared to the same period last year and amounted to 99.7% of the total retail trade turnover. Compared to January-March 2021, the retail trade turnover in real terms increased by 8.1% for enterprises, by 6.9% for markets and fairs, and decreased by 1.6% for individual entrepreneurs.

On average, an Azerbaijani resident spent 352.6 manats ($207.41) per month on goods, including 201.6 manats ($118.59) on food, drinks, and tobacco products and 158.9 manats on non-food products.