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Azerbaijan reduces export from Georgia

Business Materials 20 August 2016 17:33 (UTC +04:00)

Baku, Azerbaijan, Aug. 20

By Azad Hasanli – Trend:

In January-July 2016, Azerbaijan reduced goods export from Georgia by 2.6 times – to $58.25 million, according to a report of Georgia’s National Statistics Office.

The report says that Azerbaijan’s share in Georgian export amounted to 5.2 percent. Azerbaijan was the leader on goods import from Georgia for a long period. However, the situation changed after the introduction of a temporary ban on imports of cattle from Georgia in 2016, as well as due to a sharp decline in exports of cars and other products.

Turkey takes the lion’s share – $124 million with a specific weight of 11.1 percent – in Georgian export. China with $109.23 million (9.7 percent) and Russia - $101.57 million (9.1 percent) are following Turkey.

Trade turnover between Azerbaijan and Georgia amounted to $317.4 million in January-July 2016, according to the report. The specific weight of Azerbaijan’s trade turnover with Georgia is 4.8 percent of the total volume of Georgia’s foreign trade operations.

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