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Azerbaijan increases export to Georgia in 2017

Business Materials 23 January 2018 14:11 (UTC +04:00)

Baku, Azerbaijan, Jan. 23

By Anvar Mammadov – Trend:

Azerbaijan exported goods worth $609.72 million to Georgia, which is 23.8 percent more than in 2016, the National Statistics Office of Georgia said in a report.

According to the report, Azerbaijan ranked fourth among the main exporters to Georgia with a specific weight of 7.6 percent (6.8 percent in 2016).

Turkey ($1.37 billion, with a specific weight of 17.2 percent) ranked first among exporters of goods to Georgia. Turkey is followed by Russia - $788.97 million (9.9 percent), and China - $732.29 million (9.2 percent).

This is while the goods delivery from Georgia to Azerbaijan increased by 78.4 percent to $272.17 million in 2017 compared to 2016.

Azerbaijan’s share in the Georgian export operations amounted to 10 percent (7.2 percent in 2016). Azerbaijan ranked second among importers of goods from Georgia.

Azerbaijan mainly imported pipes, iron alloys, etc. from Georgia.

Russia ($394.71 million or specific weight of 14.5 percent) ranked first among importers of goods from Georgia, while Turkey ($216.57 million or 7.9 percent) ranked third.

Georgia’s trade turnover with Azerbaijan amounted to $881.9 million in 2017. The specific weight of trade turnover between Azerbaijan and Georgia accounts for 8.2 percent of the total volume of foreign trade operations of the country.

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