Georgia-Azerbaijan trade turnover up by 22%

In the first half of 2022, the trade turnover between Georgia and Azerbaijan amounted to $632.2 million, 22% more than a year ago, Report informs, citing the National Statistical Office of Georgia (GeoStat).

During the reporting period, with a share of 7.5%, Azerbaijan ranked 4^th among Georgia's trading partners after Turkiye, Russia and China.

In the first half of the year, the volume of Georgia's exports to Azerbaijan increased by 17.5% year-on-year and amounted to 287.1 million US dollars. Azerbaijan, with a share of 11.2% in the total export of Georgia, has become the second largest export partner of the neighboring country after China.

The monetary value of Georgia's imports from Azerbaijan increased by 38.7% and amounted to $345.2 million. Azerbaijan, with a share of 5.8% of Georgia's total imports, is in fifth place among the main import partners of the Caucasian country after Turkiye, Russia, China and the United States.