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Trade turnover between Georgia and Azerbaijan declines

Business Materials 19 May 2021 22:10 (UTC +04:00)
Trade turnover between Georgia and Azerbaijan declines

BAKU, Azerbaijan, May 19

Tamilla Mammadova – Trend:

The trade between Georgia and Azerbaijan amounted to $335.6 million from January through April of this year, which is 4.2 percent ($ 4.59 million) less than a year earlier, Trend reports with reference to the National Statistical Office (Geostat).

During the reporting period, Georgia imported goods and products from Azerbaijan in the amount of $183.41 million, which is 9.1 percent less than last year's figure for the same period.

Georgia's exports to Azerbaijan increased by 2.6 percent on an annualized basis to $152.19 million.

As a result, in the first four months of this year, a negative balance of $31.21 million was formed in the trade between Georgia and Azerbaijan, which is 41.6 percent less than a year earlier.

The external merchandise trade (excluding non-declared trade) of Georgia amounted to $3.92 billion from January through April 2021, 12.8 percent higher than the same period of 2020.

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