TODAY.AZ / Analytics

Azerbaijan decreases import from Georgia

23 January 2015 [14:46] - TODAY.AZ

/By AzerNews/

By Nigar Orujova

Azerbaijan received 19 percent of Georgian export in January-December 2014, the National Statistical Service of Georgia reported.

The report shows that goods worth $ 544.4 million were exported from Georgia to Azerbaijan in this period.

The last year marked a 23.3 percent decline in Georgia’s export to Azerbaijan in comparison with the same period of 2013. In January-December 2013, Georgia exported goods to Azerbaijan worth $ 709.9 million.

Despite this fact, Azerbaijan ranks first in the list of countries Georgia exports its products to, followed by Armenia ($ 288.24 million), Russia ($ 274.96 million), Turkey ($ 239.3 million) and the U.S. ($ 207.58 million).

The main items of Georgian exports to Azerbaijan are cars, cattle, medicines, cement, steel reinforcement and other products.

Cars export from Georgia to Azerbaijan decreased this year after introduction of Euro-4 ecological standard in Azerbaijan.

In 2014, 17,550 cars totaling $ 267.96 million were exported from Georgia to Azerbaijan, the report said.

The share of this category in the total volume of Georgian exports to Azerbaijan in this period amounted to 49.22 percent.

The export of cars in this period decreased by 33.19 percent or by 133,110 vehicles in comparison with 2013, when 44,460 cars amounting $ 401.07 million were brought to Azerbaijan.

Azerbaijan imported 1,933 trucks in the amount of $15.79 million in this period, which is 39.4 percent lower than the index of 2013. Georgia exported 4,000 trucks to Azerbaijan for $ 26.05 million in 2013.

In January-December, 92,480 tons of cattle in live weight for $ 57.26 million were brought from Georgia to Azerbaijan.

The report shows that the share of this category in the total volume of Georgian exports to Azerbaijan for the reporting period amounted to 10.5 percent.

Exports of cattle from Georgia to Azerbaijan compared to the same period of 2013, increased by 41.4 percent, and in quantitative terms - by 28,000 tons in January-December 2014.

In 2013, Georgia exported to Azerbaijan 64,470 tons of cattle in live weight in the amount of $ 40.49 million.

Trade turnover between Georgia and Azerbaijan in January-December 2014 amounted to $1.18 billion, which is 10.3 percent of total foreign trade of Georgia. The last year’s turnover is 13 percent less than the same period in 2013. The trade turnover between the two countries amounted to $1.36 billion in 2013.

Georgian import from Azerbaijan

On its part, Georgia imported $637.59 million worth of products from Azerbaijan in 2014, the statistics said. The volume of Azerbaijan’s export to Georgia decreased by 2.4 percent over the past year. Georgia imported $652.9 million worth of Azerbaijani goods in January-December 2013.

Azerbaijan ranks third among the countries from which Georgia imports products. The share of Azerbaijani export in the total volume of goods imported to Georgia is 7.4 percent.

Georgia imports most part of goods from Turkey. The volume of Georgian import from Turkey stood at $1.7 billion or 20.1 percent of the total volume of import in 2014. China ranks second with $732.96 million and with 8.5-percent share in the total volume of Georgian import.

Georgia mainly imports gas, petroleum products and electricity from Azerbaijan.

URL: http://www.today.az/news/analytics/138430.html

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