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Georgia and Azerbaijan note increase in mutual trade

Georgia Materials 2 December 2022 11:44 (UTC +04:00)
Georgia and Azerbaijan note increase in mutual trade
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, December 2. The value of trade turnover between Georgia and Azerbaijan increased from January through October 2022, Trend reports with reference to the National Statistics Office of Georgia (Geostat).

According to Geostat, Georgia's trade turnover with Azerbaijan in the first 10 months of this year reached $1 billion, which is an increase of 18.1 percent over the same period in 2021 ($894.8 million).

Thus, during the reporting period, Azerbaijan ranked 4th among the main trading partners of Georgia.

Türkiye in the first 10 months of this year became Georgia's main trading partner (trade turnover - $2.2 billion), followed by Russia ($1.9 billion) and China ($1.5 billion).

Georgia from January through October 2022 imported goods from Azerbaijan worth $515.6 million, which is an increase of 14.2 percent over the same period in 2021 ($451.5 million).

Meanwhile, Georgian exports to Azerbaijan during this period increased by 22.2 percent compared to the corresponding period of last year ($443.3 million) - up to $541.7 million.

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