BAKU, Azerbaijan, April 19
Tamilla Mammadova – Trend:
Cars re-export saw a significant decline of 52.2 percent from $133 million to $97 million in Georgia, Trend reports via Georgian media.
From January through February 2021 Georgia exported cars worth $50 million, while in the same period of 2020 the figure reached $105 million.
Excluding service exports, last year Georgia's auto sector suffered $330 million in losses.
Demand for cars fell sharply in 2020 as a result of the deteriorating economic situation in the region, the process is still ongoing.
Re-export of passenger cars has been in operation since 2005. It surpassed $100 million for the first time in 2008 and reached $704 million in 2013.
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