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Azerbaijan reduces import of goods from Georgia

Business Materials 22 June 2016 16:19 (UTC +04:00)

Baku, Azerbaijan, June 22

By Anvar Mammadov – Trend:

Azerbaijan reduced import of goods from Georgia by 3.7 times to $31.33 million in January-May 2016 compared to the same period of 2015, says the report of Georgia’s National Statistics Office.

The report says that Azerbaijan’s share in the Georgian export is 4 percent.

Azerbaijan imported goods worth $240.4 million from Georgia in 2015. Meanwhile, Georgia exported goods worth $116.71 million to Azerbaijan in January-May 2015.

Azerbaijan was a leader in the import of goods from Georgia for a long time. The country ranked fifth on this index in January-May 2016.

Georgia mainly exports pipes, cars and other iron alloys to Azerbaijan.

The report says that the trade turnover between Georgia and Azerbaijan totaled almost $225.36 million (37.5 percent decrease for the year) in January-May 2016.

The specific weight of Azerbaijan’s trade turnover with Georgia is 5.5 percent of the total volume of Georgia’s foreign trade operations.

Follow the author on Twitter: @Anvar_Mammadov

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