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Azerbaijan: ecommerce grows 6 times over retail turnover - report

Tuesday 10 March 2015 11:18 CET | News

Azerbaijan ecommerce has grown at a rate of 5.88 times faster in comparison with increase of retail trade turnover, recent research data reveal.

Moreover, in the January - February 2015 interval, ecommerce turnover grew by 50%, while the retail trade turnover increased only by 8.5%, according to a report issued by the State Statistics Committee.

Nevertheless, ecommerce volume of around USD 1.67 billion (AZN 1,68 million) stands no comparison with the volume of retail trade turnover of around USD 3.3 billion (AZN 3.5 billion). At the same time, 95.9% of online deals are made on non-food products while, in general, trade food products prevail (50.1%).

Check out our Cross-border Ecommerce Research section here for more info on country-specific ecommerce facts and figures, preferred payment methods, risk and fraud, as well as ecommerce legislation and regulation for mature and emerging markets.


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Keywords: Azerbaijan, ecommerce, retail, increase, turnover, report, economy, digital, online sales, e-purchase, Customers
Categories: Payments & Commerce
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Countries: World
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