Azerbaijan ranks second among Georgia's foreign trade partners

Business Materials 26 July 2011 11:31 (UTC +04:00)

Georgia, Tbilisi, July 26/ Trend, N. Kirtskhalia /

Azerbaijan ranks second among Georgia's major foreign trade partners. Foreign trade turnover between Georgia and Azerbaijan amounted to $442,316,100 in January-June 2011, the Georgian Statistic Service told Trend.

Georgia exported products worth $154,159,300 to Azerbaijan and imported $287,719,800.
Some 10.7 percent of Georgian total foreign trade turnover is accounted for by Azerbaijan.
Turkey ranks first in Georgia's foreign trade turnover (16.3 percent of trade turnover), while Ukraine ranks third (10.3 percent).

Total foreign trade in Georgia (excluding non-organized trade) increased by 38 percent and amounted to $4.117 billion in January - June 2011, compared to the same period last year. At the same time $1.037 billion (an increase of 44 percent) was accounted for by exports, while imports amounted to $3.079 billion (26 percent more).

The negative trade balance for the reporting period totaled $2.042 billion (a 32 percent increase).

Georgia's trade turnover with EU countries amounted to $1.031 billion during the first half-year, which is 31 percent more than the same period of last year. Exports totaled $172 million (26 percent more) and imports totaled $859 million (32 percent more).

A share of these countries is 25 percent in Georgia's foreign trade turnover, including 17 percent in exports and 28 percent in imports (26, 19 and 29 percent during the same period of 2010).