The volume of retail trade has more than tripled in Azerbaijan over the last decade, the State Statistics Committee reports.
Retail trade volume was up 3.1-times in the last decade to AZN18.24bn ($14.2bn). As of the end of the first half of 2013, retail trade reached AZN9.4bn, according to the State Statistics
Committee, reports Trend.
Of this total, trade in services has been the fastest growing segment, up just under six times to AZN5.83bn in 2012, and is on course to exceed that amount this year with a volume of AZN2.78bn in the first half of the year.
During the reporting period, Azerbaijan’s foreign trade turnover increased by 8.8 times – up to $33.56bn in 2012. The number of trading partners increased from 128 to 155 countries.