Azerbaijan reduces goods import from Georgia

Business Materials 20 July 2016 18:43 (UTC +04:00)

Baku, Azerbaijan, July 20

By Azad Hasanli – Trend:

Azerbaijan reduced goods import from Georgia by 3.2 times to $40.76 million in H1 2016, said Georgia’s National Statistics Office (GeoStat) in a report July 20.

The report says that Azerbaijan’s share in Georgian export is 4.3 percent. The country was a leader for goods import from Georgia for a long time.

Azerbaijan ranked the sixth in Georgia’s export in H1 2016.

In 2015, Azerbaijan was a leader for goods import from Georgia ($131.3 million).

The country mainly imports pipes, iron alloys and others commodities from Georgia.

Major part of goods is exported to Turkey from Georgia - $105.57 million with a specific weight of 11.1 percent. China with $89.76 million (9.4 percent) and Russia with $82.2 million (8.7 percent) follow Turkey.

Trade turnover between Georgia and Azerbaijan amounted to almost $264.3 million in January-June 2016.

Specific weight of Azerbaijan’s trade turnover with Georgia is 4.5 percent of the country’s total foreign trade operations.