TODAY.AZ / Business

Azerbaijan Georgia's second largest foreign trade partner

25 June 2014 [12:35] - TODAY.AZ
Azerbaijan remains the second largest foreign trade partner of Georgia; the trade turnover between the two countries was $489 million in January-May, 2014, Georgia's National Statistics Office (GeoStat) said on June 24.

Azerbaijan is the largest export market for Georgia and accounts for 20.5 percent of Georgia's total export volume.

The country exported some $240.4 million worth of goods and services to Azerbaijan during the reporting period.

At the same time, Georgia imported some $249 million worth of goods and services from Azerbaijan, which accounts for 7.5 percent of its total import.

Turkey is the largest trade partner of Georgia; the trade turnover between the two countries stood at $776 million. China ranked third among the country's foreign trade partners for the first time ($309 million).

Georgia's foreign trade turnover made $4.498 billion in January-May, 2014, which is by 16 percent more than in the same period of 2013.

The country's export totaled $1.175 billion (an increase by 17 percent), while its import amounted to $3.322 billion (an increase by 15 percent).


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