ArmInfo.The revenue of the trade sector of Armenia in January-July 2021 increased by 7.5% per annum (against an 11% decline a year earlier), reaching 1.7 trillion drams ($ 3.4 billion). This is evidenced by the data of the Statistical Committee of the Republic of Armenia, according to which, in July alone, the revenue of the trade sector increased by 6.5% to 300.5 billion drams ($ 612.2 million).
The improvement in the y-o-y dynamics was provoked by the emergence of the trend in retail and wholesale trade, against the background of a dramatic slowdown in the decline in the volume of purchase / sale of cars.
In particular, wholesale trade in January-July rose 12.9% (from 7.2% decline a year earlier), providing a volume of 954.4 billion drams ($ 1.8 billion). At the same time, in July the proceeds of wholesale trade increased by 5.9% to 166.6 billion drams.
Retail trade in January-July also increased its volumes - by 2% (against a 14.8% decline a year earlier) to 763.8 billion drams ($ 1.4 billion). In July, the retail sales revenue increased by 6.5% to 123.9 billion drams. In the structure of retail trade, the largest turnover is provided by shops (including supermarkets) - 77.2% or 589.6 billion drams (with a y-o-y decline of 2.1%), other retail facilities - 14.8% or 113.2 billion drams (from y-o-y growth of 18.4%), followed by consumer goods markets - 5.1% or 39.2 billion (with a y-o-y growth of 37.2%), stalls and kiosks - 1.7% or 13.1 billion ( with a y-o-y decline of 15%) and agricultural markets - 1.2% or 8.7 billion drams (with a y-oy growth of 35%).
The volume of purchase / sale of cars in January-July 2021 slowed down the y-o-y decline from 11.8% to 2.3%, amounting to 53.4 billion drams ($ 103.1 million). In July alone, the volumes increased by 17.2% to 10 billion drams. Wholesale trade dominates in the structure of the total trade turnover of Armenia in terms of volumes - 53.9%, with a small margin followed by retail trade - 43.1%, and the remaining 3% falls on the purchase / sale of cars.
The average calculated exchange rate of the dram was 490.87 AMD / $ 1 in July 2021, and in January-July 2021 - 517.62 AMD / $ 1.
