Georgia-Azerbaijan trade turnover down by over 18%

In the first quarter of 2021, the trade turnover between Georgia and Azerbaijan amounted to $250.3 million, Report informs, citing National Statistics Office of Georgia (GeoStat).

According to GeoStat, this figure is 18.2% less than in the same period last year.

In the first three months of 2021, Azerbaijan became the fourth largest trade partner of Georgia after Turkey, Russia, and China with a 9% share in Georgia’s total trade turnover.

In the reporting period, the monetary value of Georgia's exports to Azerbaijan decreased by 16.4% and amounted to $104.6 million, and imports from Azerbaijan declined by 11.4% and amounted to $145.7 million.

Azerbaijan, with a 12.7% share in Georgia's total exports, ranks third among the main export partners of the Caucasus country after China and Russia. In total imports of Georgia, Azerbaijan, with a share of 7.5%, has become the fourth largest import partner of Tbilisi after Turkey, Russia, and China.