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Cost of electricity exported by Azerbaijan to Georgia increases

Oil&Gas Materials 19 February 2021 18:13
Cost of electricity exported by Azerbaijan to Georgia increases

BAKU, Azerbaijan, Feb.19

By Tamilla Mammadova – Trend:

Georgia imported electricity from Azerbaijan in the amount of $ 7.01 million in January of this year, Trend reports via the National Statistics Office of Georgia (Geostat).

According to the information, the cost of electricity increased by 74.4 percent compared to the same period last year.

In January of this year, Georgia's trade with Azerbaijan amounted to $86.15 million.

Last month, Azerbaijan, with a share of 11.3 percent in Georgia's total trade turnover, ranked third among the trading partners of the neighboring country after China and Turkey.

Compared to the same period last year, a decrease in trade turnover between Azerbaijan and Georgia by 16 percent was recorded.

The value of Georgia's exports to Azerbaijan over the past year decreased by 24.4 percent and amounted to $34.404 million, and imports from Azerbaijan - by 11.2 percent, amounting to $51.75 million.

Azerbaijan ranks first among the main export partners of the neighboring country, with a share of 15.3 percent in Georgia's total exports. Azerbaijan has a share of 9.6 percent in Georgia's total imports and ranks fourth after China, Turkey and Russia.

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