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Azerbaijan remains Georgia’s main trade partner

Business Materials 25 October 2011 15:33 (UTC +04:00)

Georgia, Tbilisi, Oct.25 / Trend, N. Kirtskhalia /

Azerbaijan remains one of Georgia's main trading partners, according to the Georgian State Statistics Service. Trade turnover between the two countries amounted to $713.023 million from January to September this year.

Georgia exported goods worth $270.454 million and imported goods worth $442.569 million. Based on these figures, Georgia has a balance of payments deficit of $172.114 million.

Turkey ranks first among Georgia's foreign trade partners amounting to $1.063 billion, while Ukraine is third at $613.186 million.

It's not all bad for Georgia, though, because its total foreign trade turnover (excluding casual trade) from January to September 2011 amounted to $6.481 billion, which is 39 per cent more than the same period last year.

Exports amounted to $1.552 billion, a 42 per cent growth and imports, $4.929 billion which is a 38 per cent growth.

The negative trade balance amounted to $3.377 billion which is a 37 per cent growth.

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