Armenia`s trade sector in January-September 2017 reached an upward trend

ArmInfo. The trade sector of Armenia in January-September 2017 reached an upward trend, providing a turnover of 1.8 trillion. AMD ($ 3.7 billion), with an annual growth of 12.5%, versus a decline of 0.1% a year ago. Only in September 2017 the trade turnover in Armenia increased by 3.1% (instead of 1.4% growth a year ago) to 225.8 billion AMD ($ 472.3 million).

The given tendency is caused by improvement of dynamics of a turn of wholesale and retail trade, and preservation of growth of trade in cars. In particular, wholesale trade in January-September 2017 demonstrated an annual growth of 21.4% - up to 797.2 billion AMD ($ 1.6 billion), against growth of 2.7% a year ago. The volume of purchase / sale of cars in January-September 2017 slowed the growth rate from 20.4% to 12.6%, amounting to 73.4 billion AMD ($ 152.1 million).

According to the National Statistics Service data of Armenia, the retail trade turnover in January-September 2017 amounted to 920.2 billion AMD ($ 1.9 billion), an increase of 5.8%, against a 3.4% decline the year before. The most turnover in the structure of retail trade is provided by stores (including supermarkets) - 79% or 727 billion AMD (with annual growth of 7.9%), other retail facilities - 12.3% or 112.7 billion AMD (annual growth by 5.4%), followed by consumer goods markets - 5% or 46.5 billion (with an annual decline of 14.8%), followed by stalls and kiosks - 2.2 or 20.1 billion (with an annual decline of 2% , 3%) and agricultural markets - 1.5% or 13.8 billion (with an annual growth of 1.8%).

In September alone, the wholesale trade turnover increased by 4.3% - up to 99.6 billion AMD, retail trade - by 0.6% to 115.5 billion AMD, car trade - by 22.9% - to 10.6 billion AMD.

Retail trade dominates in the structure of Armenia's total trade turnover - 51.4%, followed by wholesale - 44.5%, and buying / selling cars - 4.1%.