ADB: Azerbaijan’s E-commerce Revenues to Approach $3.5 Billion by 2028
The Asian Development Bank (ADB) forecasts that Azerbaijan’s e-commerce revenues will increase from USD 1.762 billion in 2022 to USD 3.448 billion in 2027.
Startup.az reports, citing ADB, that as a result Azerbaijan will rank fourth among the countries participating in the Central Asia Regional Economic Cooperation (CAREC) Program, after Kazakhstan (USD 5.909 billion), Pakistan (USD 8.101 billion), and China (USD 2.375 trillion).
According to the bank’s expectations, the number of e-commerce users in Azerbaijan will reach 3.9 million by the end of 2025, remain at the same level in 2026, and increase to 4 million in 2027.