Georgia nearly halves car exports to Azerbaijan

Georgia exported 9,132 cars worth $190.75 million to Azerbaijan during the January-August period of 2024, according to the National Statistics Office of Georgia, Report informs.

This marks a 36% decrease in value and a 47% drop in quantity compared to the same period in the previous year.

Azerbaijan now ranks as the 3rd largest destination for Georgia's automobile exports. In the reporting period, Georgia sold a total of 68,000 cars valued at $1.478 billion to foreign countries, representing an 8% decline in value and a 2% decrease in quantity compared to the previous year.

Other major importers of Georgian cars include:

Kyrgyzstan: 18,920 cars worth $688.25 million

Kazakhstan: 32,865 cars worth $464.5 million

Armenia: 4,153 cars worth $77 million

Tajikistan: 967 cars worth $15.6 million

In 2023, Georgia exported a total of 107,898 cars valued at $2.13 billion, with Azerbaijan accounting for 22,393 cars worth $437 million.