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Trade turnover between Georgia and Azerbaijan declines

Business Materials 19 November 2020 16:46 (UTC +04:00)
Trade turnover between Georgia and Azerbaijan declines

BAKU, Azerbaijan, Nov. 19

By Tamilla Mammadova – Trend:

The trade turnover between Georgia and Azerbaijan amounted to $746.3 million from January through October 2020, Trend reports citing the Georgian National Statistics Office (Geostat).

According to the document, this is 9.8 percent less than in the same period last year.

In ten months, Azerbaijan, with a share of 8.1 percent in Georgia's trade turnover, took 4th place among Georgia's trade partners after Turkey, Russia, and China.

In the reporting period, the total value of Georgia's imports from Azerbaijan amounted to $381.7 million. According to the document, this is 10.5 percent less than in the same period last year. For 10 months, Azerbaijan, with a share of 5.9 percent in Georgia's total imports, became the 5th among the main import partners of Georgia after Turkey, Russia, China, and the United States.

From January through October 2020, the total value of products exported from Georgia to Azerbaijan amounted to $364.6 million. This is 10.5 percent less than in the same period last year. In ten months, Azerbaijan (share of 13.4 percent) became the second major export partner of Georgia after China.

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