Georgia posts 80% decline in car exports to Azerbaijan

Georgia exported 5,000 cars worth $94.71 million to Azerbaijan in the first five months of 2024, Report informs, citing the National Statistics Office of Georgia.

According to GeoStat, this is a decline of 77% percent in quantity and 78% in value compared to the same period of 2023.

Thus, Azerbaijan ranks 3rd among the countries to which Georgia exports cars.

During the reporting period, Georgia sold a total of 36,875 cars worth $740 million abroad, which is 66% and 65% less than a year ago, respectively.