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Foreign trade turnover between Georgia and Azerbaijan declines

Business Materials 19 April 2021 16:07 (UTC +04:00)
Foreign trade turnover between Georgia and Azerbaijan declines

BAKU, Azerbaijan, April 19

Tamilla Mammadova – Trend:

The volume of Georgia's foreign trade turnover with Azerbaijan amounted to $250.29 million from January through March of this year, which is 13.6 percent or $39.33 million less than in the same period of 2020, Trend reports via the National Statistical Office of Georgia.

For the same period last year, this figure was $289.63 million.

During the reporting period, Georgia imported goods and products from Azerbaijan for $145.71 million, which is 11.4 percent less in annual comparison. During the reporting period, imports from Azerbaijan amounted to 7.5 percent of Georgia's total imports.

From January through March, Georgia's exports to Azerbaijan amounted to $104.57 million. This is 16.4 percent less than in the same period last year. Exports to Azerbaijan accounted for 12.7 percent of Georgia's total exports.

As a result, in the first quarter of 2021, a negative balance of $41.13 million was formed in the trade turnover of Georgia with Azerbaijan, which is 4.2 percent more in annual terms. For the same period last year, the negative balance amounted to $39.46 million.

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