The value of the trade turnover between Azerbaijan and Georgia amounted to just over $597.8 million in the first half of 2024, marking a decrease of 18.6% year-on-year, Report informs, citing the National Statistics Office of Georgia.
The share of Azerbaijan in Georgia's total foreign trade turnover stood at 5.8% during the reporting period.
In January-June 2024, the value of Georgia's exports to Azerbaijan fell by 23.3% compared to the previous year, amounting to almost $318.2 million. This represents 11.9% of the total exports for the six-month period.
Similarly, the value of Georgia's imports from Azerbaijan dropped by 12.5% to just over $279.6 million, accounting for 3.7% of the total imports.
During the same period, Georgia’s total foreign trade turnover decreased by 1.8% year-on-year to $10.319 billion.
Specifically, the value of Georgia’s total exports decreased by 6.7% to $2.847 billion, while the value of imports increased slightly by 0.2% to more than $7.471 billion.