Azerbaijan, Georgia reduce trade turnover

In January this year, Georgia’s trade with Azerbaijan amounted to $86.154 million, the Georgian bureau of Report informs referring to the National Statistics Office of Georgia.

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

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

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