Volume Of E-Commerce Turnover Increases In Azerbaijan

2022-06-13 02:10:50

(MENAFN- Trend News Agency)

BAKU, Azerbaijan, June 13. This year, the volume of e-commerce turnover in Azerbaijan tripled compared to last year, economist Eyyub Karimli told Trend .

According to him, in the period from January through April 2021 this figure was 421 million manat ($247.6 million), but this year it exceeded 1.3 billion manat ($764.7 million).

'This gives grounds to say that e-commerce in country is growing day by day. Basically, our citizens order goods from Turkiye and China, mainly electronics and clothing. E-commerce will soon replace traditional commerce,” Karimli said.

“Among its advantages is a wide range of goods available prices. Since there are extensive opportunities for competition, the consumer ultimately wins. However, it should be noted that there is a certain negative impact of e-commerce on the national economy, when local companies lose in competition with foreign ones,' he added.

Speaking about the progress in the sphere of e-commerce in Azerbaijan, the expert noted that this is clearly seen in the food sector. Thus, the growth of e-commerce in the food sector is more than 100 percent.

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