Friday, December 1 2017 17:07
Alina Hovhannisyan

The trade sector of Armenia in Jan-Oct 2017 reached an upward trend

The trade sector of Armenia in Jan-Oct 2017 reached an upward trend

ArmInfo. The trade sector of Armenia in Jan-Oct 2017 reached an upward trend, providing a turnover of 2.030 trillion AMD ($ 4.2 billion), with an annual growth of 13.6%, against a decline of 0.1% a year earlier. But only in October 2017 the trade turnover in Armenia fell by 1.8% (against the 2.4% decline the year before), making 234.8 billion ($ 488.4 million).

The given tendency is caused by acceleration of annual rates of growth of wholesale, retail and trade in cars. In particular, wholesale trade in Jan-Oct 2017 showed an acceleration of annual growth from 2.5% to 23.8%, providing a volume of 909.2 billion AMD ($ 1.8 billion). The volume of purchase/sale of cars in Jan-Oct 2017 slowed the growth rate from 20% to 12.9%, amounting to 84.5 billion ($ 175 million).

According to the National Statistical Service of Armenia, the retail trade turnover in Jan-Oct 2017 amounted to 1 trillion AMD ($ 2.1 billion), an increase of 6%, compared with a 3.2% decline in the previous year. In the structure of retail trade, stores (including supermarkets) provide the largest turnover - 79.1% or 819.8 billion drams (with an annual growth of 8.2%), other retail properties - 12.2% or 126.8 billion drams annual growth of 4.4%), followed by consumer goods markets - 5% or 52.1 billion (with an annual decline of 14.5%), stalls and kiosks - 2.2% or 22.2 billion (with an annual increase of 4.4%). decline by 3.5%) and agricultural markets - 1.5% or 15.6 billion (with an annual growth of 3.5%).

In October alone, the turnover of wholesale trade declined by 3.6% to 107.3 billion, retail trade - by 0.6% to 116.5 billion, while automobile trade grew by 3.5% to 11 billion.

Retail trade dominates the structure of Armenia's total trade turnover - 51%, followed by wholesale - 44.8%, and buying/selling cars - 4.2%.

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