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Georgia increases oil imports from Azerbaijan

Oil&Gas Materials 21 January 2021 21:31
Georgia increases oil imports from Azerbaijan

BAKU, Azerbaijan, Jan. 21

By Tamilla Mammadova – Trend:

Georgia imported from Azerbaijan over 215,836 tons of oil worth 67.93 million in 2020, Trend reports referring to the report of the Georgian National Statistics Office (Geostat).

This figure is 28 percent higher than in the previous year.

During the reporting period, the cost of oil imported by Georgia from Azerbaijan decreased by $25.83 million, or 27.5 percent on an annual basis, and the volume increased by over 44,918 tons, or 26.3 percent.

In 2019, Georgia imported 170,918.37 tons of oil from Azerbaijan, the total cost of which amounted to $93.76 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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