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Total cost of cars exported by Georgia to Azerbaijan down

Business Materials 21 January 2021 17:51
Total cost of cars exported by Georgia to Azerbaijan down

BAKU, Azerbaijan, Jan. 21

By Tamilla Mammadova – Trend:

Georgia exported 23,348 cars to Azerbaijan in the amount of $226.38 million in 2020, Trend reports referring to the report of the Georgian National Statistics Office (Geostat).

In the reporting year, the total cost of cars exported to Azerbaijan decreased by $32.69 million or 12.6 percent compared to 2019, while the number decreased by 898 units or 3.7 percent.

So, in 2019, Georgia exported 24,246 vehicles to Azerbaijan, the total cost of which was $259.07 million.

Last year, Georgia exported cars worth 759.47 million, which is 31.4 percent less than a year earlier. During the reporting period, Azerbaijan accounted for 29.8 percent of car exports from Georgia.

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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