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Georgian medicine export to Azerbaijan decreases

Business Materials 21 January 2021 14:23
Georgian medicine export to Azerbaijan decreases

BAKU, Azerbaijan, Jan. 21

By Tamilla Mammadova – Trend:

Georgia exported 757.87 tons of medicines worth $17.40 million to Azerbaijan in 2020, Trend reports citing the Georgian National Statistics Office (Geostat).

In the reporting period, the value of medicines, exported to Azerbaijan decreased by 36.3 percent or by $9.92 million, while its volume decreased by 13.7 percent or by 120.59 tons in annual comparison.

In 2019, Georgia exported 878.46 tons of medicines to Azerbaijan, the total value of which was $27.33 million.

In 2020, the volume of trade between Georgia and Azerbaijan amounted to $934.4 million.

According to the document, Azerbaijan, with a share of 8.2 percent in Georgia's trade turnover, ranked fourth among Georgia's trade partners after Turkey, Russia, and China last year.

Last year, Georgia's exports to Azerbaijan decreased by 13.2 percent and amounted to $441.2 million.

In the reporting year, the total value of products imported by Georgia from Azerbaijan amounted to $493.1 million, which is 11.7 percent less than in 2019.

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