Experts Named Russian Regions Leading in Retail Trade Turnover

Experts analyzed the data provided by the Federal Statistics Service (Rosstat) for 2019 and found out that in the first half of 2020, retail trade turnover decreased in 78 regions of the country, while growth was noted in 6 of them, RIA News reports.  

In the lead, there are Tomsk (2.3 per cent), Leningrad (2.1 per cent), and Tver (1.4 per cent) regions. The top 5 also includes Chukotka Autonomous District (0.8 per cent) and the Ryazan region (0.8 per cent). The top 10 also entered the Sakhalin, Chelyabinsk, Belgorod, Novgorod, and Vladimir regions.

However, the leader in retail turnover recognized Moscow, which accounts for 15% of the total Russian volume. The Moscow Region ranks second in terms of the absolute volume of retail turnover, and in the first half of 2020, it accounts for 7.8% of the total Russian volume. In addition, the group of leaders includes St. Petersburg, Krasnodar Territory, and Sverdlovsk Region. In total, the five leaders account for almost 25% of the total Russian retail trade turnover.

The experts believe that in the second half of 2020, the dynamics of trade will quickly improve due to the lifting of quarantine restrictions. It is noted that the number of regions with positive trade dynamics will be higher than at the end of the first half of the year, but in a number of regions, the decline in trade by the end of the year may be about 10 per cent.

Ru-Main, 31.08.2020 

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