Georgia’s auto spare parts exports to Azerbaijan grew by 47% in July

Georgia exported 54.54 tons of auto spare parts and accessories to Azerbaijan, valued at $1.66 million in the first seven months of 2024, Report informs, referring to the National Statistics Office of Georgia.

According to the obtained data, the exports decreased by 43 percent in volume and dropped by 18 percent in value compared to the same period last year.

In July alone, Azerbaijan imported 10.21 tons of auto spare parts and accessories from Georgia, worth $331,000. This marks a significant increase of 47% in volume and 57% in value year-on-year.

Azerbaijan is now the second-largest importer of these products from Georgia, accounting for 22% of Georgia’s total exports in this category.

Over the seven-month period, Georgia exported a total of 412 tons of auto accessories and spare parts worth $7.56 million, reflecting a year-on-year decrease of 16% in volume and 7% in value.

Specifically, Georgia exported 183 tons of auto spare parts and accessories worth $1.75 million to the UAE, 29 tons worth $993,000 to Türkiye, 17 tons worth $990,000 to South Korea, and 83 tons worth $884,000 to Armenia.

Meanwhile, in 2023, Georgia exported 802 tons of car accessories and spare parts worth $13.8 million, with 135 tons worth $3.2 million going to Azerbaijan.