Georgia’s trade turnover with Azerbaijan up over 5%

The trade turnover between Azerbaijan and Georgia in January-March 2023 amounted to $373.908 million, up 5.2% from the previous year, Report informs, citing the National Statistics Office of Georgia.

This constituted 7.8% of Georgia’s total trade turnover.

The exports from Georgia to Azerbaijan increased by 44.1% to 180.667 million (12.4% of total exports), while imports from Azerbaijan declined by 16% to $193.241 million (5.8% of total imports).

In the first quarter, Georgia’s total trade turnover amounted to $4.784 billion, showing a 22.1% growth in comparison to a year earlier. The exports surged 24.7% to $1,462 million, while the imports rose by 21% to $3.322 billion. Consequently, the positive balance made up $1.86 million.