TODAY.AZ / Business

Car import from Georgia sees considerable decline

02 July 2014 [11:53] - TODAY.AZ
Around 10,930 cars, totaling $121.7 million, were exported from Georgia to Azerbaijan in January-May, 2014, Georgia's National Statistical Service (GeoStat) said in its report on July 1.

The share of this category in the total volume of Georgian exports to Azerbaijan stood at 50.62 percent during the reporting period, according to GeoStat.

The volume of car export from Georgia to Azerbaijan has dropped by 20.15 percent, or by 4,930 in quantitative terms compared to the same period of 2013. By comparison, the country exported some 15,860 cars worth $152.41 million to Azerbaijan in January-May, 2013.

The decrease in car supplies to Azerbaijan is due to the country's transition to the environmental standard of Euro-4. Implementation of this standard will start from April 1, 2014. Introduction of the Euro-4 significantly restricts the imports of used cars which constitute a large part of car imports from Georgia to Azerbaijan.

Around 1,320 trucks worth $8.84 million were exported from Georgia to Azerbaijan during the reporting period. By comparison, some 1,400 trucks worth $9.65 million were exported from this country to Azerbaijan in the first five months of 2013.

Cars are delivered to Georgia from abroad.

In total, around $240.42 million worth of goods were exported from Georgia to Azerbaijan in January-May, 2014.

The export to Azerbaijan has decreased by 10.38 percent compared to the same period of 2013. By comparison, some $268.26 million worth of Georgian products were exported to Azerbaijan in January-May, 2013.


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URL: http://www.today.az/news/business/134985.html

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