Tuesday, October 12 2021 21:02

ArmInfo. According to the results of 8 months, the revenue of the Armenian trade sector reached 7.1% growth (from 11.5% decline a year earlier), reaching 2.1  trillion drams (over $ 4 billion).

According to the data of the Statistical Committee of the Republic of Armenia, in August alone, the proceeds of 302.7 billion drams ($ 615.7 million) were provided,  with an increase of only 0.2% over the month.  Such annual dynamics  was provoked by the exit of the trend in retail, wholesale and car  trade from recession to growth.  In particular, wholesale trade in  January-August grew by 12.3% (out of 7.5% decline a year earlier),  amounting to 1.3 trillion drams. At the same time, in August, the  proceeds of wholesale trade dropped by 3.8% to 161.1 billion drams.

During the reporting period, retail trade also increased its volumes  - by 1.8% (against a 15.2% decline a year earlier) to 894.5 billion  drams. And in August alone, the retail sales revenue increased by   4.9% to 130.6 billion drams.  In the structure of retail trade in  January-August 2021, the largest turnover is provided by stores  (including supermarkets) - 77.5% or 693.4 billion drams (with an  annual decline of 1.8%), other retail facilities - 14.6% or 130.5  billion drams (with an annual growth of 15.6%), followed by consumer  goods markets - 5% or 45.2 billion (with an annual growth of 31.9%),  kiosks - 1.7% or 14.9 billion drams (with an annual decline of 14%)  and agricultural markets - 1.2% or 10.4 billion drams (with an annual  growth of 27.6%).  The volume of purchase / sale of cars in  January-August 2021 grew by 0.4% (against a decline of 18.2% a year  earlier), amounting to 64.4 billion drams. In August alone, the  volume of purchase / sale of cars increased by 9.6%, exceeding 11  billion drams.

Wholesale trade dominates in the structure of the total trade  turnover of Armenia in terms of volumes - 53.8%, followed by retail  trade - 43.1%, and the remaining 3.1% falls on the purchase / sale of  cars.  The average calculated AMD exchange rate was 491.73 AMD / $ 1  in August 2021, and 514.38 AMD / $ 1 in January-August 2021.