TODAY.AZ / Business

Azerbaijan Georgia's largest foreign trade partner

25 March 2014 [10:19] - TODAY.AZ
Azerbaijan retains the second position among the largest foreign trade partners of Georgia, National Statistics Office (GeoStat) of Georgia told Trend on March 24.

The trade turnover between Georgia and Azerbaijan in January-February stood at about $188 million.

Georgia exported to Azerbaijan goods worth more than $74.5 million, while it imported over $113.1 million worth of Azerbaijani goods and services.

Georgia's major partners are Turkey ($ 226 million), Azerbaijan (about $188 million) and Russia ($122 million).

The country's foreign trade turnover in January-February 2014 (excluding non-organized trade) exceeded $1.56 billion, which is by 17 percent more than the figure for the same period of last year.

The exports in the first two months of 2014 amounted to $440 million or 23 percent more than in the same period of 2013, while imports stood at $1.127 million or 15 percent more than in January-February 2013.

The negative trade balance amounted to $687 million, or 44 percent of the total foreign trade turnover.

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