Tuesday, April 13 2021 11:51
Alina Hovhannisyan

Armenia`s trade sector was in decline in January-February 2021

Armenia`s trade sector was in decline in January-February 2021

ArmInfo. The trade sector of Armenia in January-February 2021 showed a decline of 11.3% (against 6.3% growth a year earlier), providing a turnover of 412.5 billion  drams ($789.6 million).

And only in February 2021, the trade turnover  in Armenia increased by 19.7%, amounting to 225.5 billion drams  ($430.8 million). According to the data of the RA Statistical  Committee, the downward trend of the trade sector in January-February  2021 came from the decline in wholesale and retail trade, as well as  the sagging volume of car sales.

According to statistical data, wholesale trade revenue in  January-February 2021 decreased by 7.6% (against 4.6% growth a year  earlier), amounting to  205.6 billion drams ($393.7 million).

Retail trade turnover in January-February 2021г. dipped more  significantly by 13% (compared to 6.8% growth in the previous year),  making 195.4 billion drams ($374 million).

The amount of buying/selling cars in January-February 2021г weight  was reduced by 36% (versus 22.6 percent growth in the previous year),  accounting for 11.4 billion drams ($21.9 million).

In the structure of retail trade, the largest turnover is provided by  stores (including supermarkets) - 76.7% or 149.9 billion drams (with  an annual decline of 14.2%), other retail facilities - 15.3% or 29.8  billion drams (with an annual decline of 4.9%), followed by consumer  goods markets - 5.3% or 10.3 billion drams. (with an annual decline  of 11%), kiosks - 1.7% or 3.4 billion. (with an annual decline of  35.7%), and agricultural markets - 1% or 1.8 billion rubles. (with an  annual growth of 15%).

In the structure of the total trade turnover of Armenia, wholesale  trade dominates-49.8%, followed by retail - 47.4%, and the share of  buying/selling cars accounts for only 2.8%. -v  STATISTICS-TRADE-FEBRUARY Armenia's trade sector was in decline in  January-February 2021 Yerevan, 13.04.21. ArmInfo, Alina Hovhannisyan.   The trade sector of Armenia in January-February 2021 showed a decline  of 11.3% (against 6.3% growth a year earlier), providing a turnover  of 412.5 billion drams ($789.6 million). And only in February 2021,  the trade turnover in Armenia increased by 19.7%, amounting to 225.5  billion drams ($430.8 million). According to the data of the RA  Statistical Committee, the downward trend of the trade sector in  January-February 2021 came from the decline in wholesale and retail  trade, as well as the sagging volume of car sales.  According to  statistical data, wholesale trade revenue in January-February 2021  decreased by 7.6% (against 4.6% growth a year earlier), amounting to  205.6 billion drams ($393.7 million).  Retail trade turnover in  January-February 2021г. dipped more significantly by 13% (compared to  6.8% growth in the previous year), making 195.4 billion drams ($374  million).  The amount of buying/selling cars in January-February  2021г weight was reduced by 36% (versus 22.6 percent growth in the  previous year), accounting for 11.4 billion drams ($21.9 million).   In the structure of retail trade, the largest turnover is provided by  stores (including supermarkets) - 76.7% or 149.9 billion drams (with  an annual decline of 14.2%), other retail facilities - 15.3% or 29.8  billion drams (with an annual decline of 4.9%), followed by consumer  goods markets - 5.3% or 10.3 billion drams. (with an annual decline  of 11%), kiosks - 1.7% or 3.4 billion. (with an annual decline of  35.7%), and agricultural markets - 1% or 1.8 billion rubles. (with an  annual growth of 15%).  In the structure of the total trade turnover  of Armenia, wholesale trade dominates-49.8%, followed by retail -  47.4%, and the share of buying/selling cars accounts for only 2.8%.