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Georgian wine exports to Azerbaijan see growth

Business Materials 22 April 2021 12:37 (UTC +04:00)
Georgian wine exports to Azerbaijan see growth

BAKU, Azerbaijan, April 22

By Tamilla Mammadova – Trend:

Georgia exported 63,232 liters of pure Georgian grape wine worth $242,500 to Azerbaijan from January through March 2021, Trend reports referring to Georgian National Statistics Office (Geostat).

The National Statistics Office of Georgia data shows that wine exports are up by 2.2 if compared to those of 2020.

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.

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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