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Trade turnover between Georgia and Azerbaijan decreases

Business Materials 19 October 2020 15:30 (UTC +04:00)
Trade turnover between Georgia and Azerbaijan decreases

BAKU, Azerbaijan, Oct.19

By Tamilla Mammadova – Trend:

Georgia's trade with Azerbaijan amounted to $670 million from January through September of this year, Trend reports with reference to the National Statistics Office of Georgia (Geostat).

Azerbaijan with a share of 8.3 percent took 4th place among the trade partners of Georgia after Turkey, Russia, and China.

Compared to the same period last year, the volume of trade between Georgia and Azerbaijan decreased by 11 percent.

In January-September of this year, Georgia purchased products from Azerbaijan for a total of $342.1 million. Compared to last year, imports from Azerbaijan decreased by 14.3 percent.

During the reporting period, Azerbaijan, with a share of 6 percent, became Georgia's fifth major import partner after Turkey, Russia, China, and the United States.

In January-September this year, products worth $327.8 million were exported from Georgia to Azerbaijan.

Compared to the same period last year, exports to Azerbaijan decreased by 9.3 percent. For nine months, Azerbaijan (13.6 percent) ranked second in Georgia's total exports after China.

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