Armenia Registers Growth in Wholesale, Retail Trade, Decline in Automobile Trade

According to the Statistical Committee, during the mentioned period, the volume of wholesale trade increased by 26.3 percent, totaling 3 trillion 281 billion 425.2 million drams, Armenpress reported.

The volume of retail trade increased by 8.5%, reaching 1 trillion 512 billion 130.2 million drams. The volume of automobile trade (which includes both the sale of automobiles, their parts and accessories through specialized trade outlets, as well as their technical maintenance and repair) amounted to 196 billion 467.9 million drams, showing a decrease of 6.3% compared to the first 10 months of 2023.

Moreover, 83.6 percent of retail trade in the republic was conducted in stores—1 trillion 263 billion 911.7 million drams, an increase of 10.8 percent compared to the same period in 2023.

Trade worth 53 billion 703.3 million drams was conducted in consumer goods markets, 12 billion 774 million drams in agricultural product markets, and 18 billion 227 million drams in kiosks.

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