Azerbaijan ranks Georgia’s fourth major trading partner
BAKU, Azerbaijan, Feb. 20
By Tamilla Mammadova – Trend:
In January 2020, Georgia exported goods worth $43.98 million to Azerbaijan, Trend reports referring to the Georgian National Statistical Service (Geostat).
On an annualized basis, Georgia’s exports to Azerbaijan grew by 27.6 percent.
In January 2020, the share of Azerbaijan in Georgia’s total exports amounted to 16.7 percent. Azerbaijan was the second main export partner of Georgia after China.
In the reporting period, Georgia imported products worth $58.7 million from Azerbaijan. Compared to January 2019, Georgian imports from Azerbaijan decreased by nine percent.
Azerbaijan with a share of 9.5 percent was the fourth largest import partner of Georgia after Turkey, Russia and China.
The trade turnover of Georgia with Azerbaijan in January 2020 amounted to $102.74 million.
The share of Azerbaijan in the total trade turnover of the neighboring country amounted to 11.6 percent. Thus, Azerbaijan became Georgia’s fourth largest trading partner after Turkey, China and Russia.
The external merchandise trade (excluding non-declared trade) of Georgia amounted to $882.5 million in January 2020, 5.7 percent higher compared to the same month of 2019.
As reported, the exports equaled $262.6 million (10 percent higher), while the imports stood at $619.8 million (4 percent higher).
The negative trade balance was $357.2 million in January 2020 and its share in external trade turnover constituted 40.5 percent.
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