TODAY.AZ / Business

Considerable decline seen in car import from Goergia

26 August 2014 [12:47] - TODAY.AZ
About 12,860 cars worth a total of $167.1 million were exported from Georgia to Azerbaijan between January-July 2014, according to an official Georgian government report.

The "Gruzstat," or National Statistical Service of Georgia carried the information on their website.

The agency says that the share of this category of goods in the total Georgian export to Azerbaijan for this period amounted to 49.5 percent. The share of Azerbaijan's total export of the country in this category is 50.4 percent.

Compared to the same period of last year, exports of cars in Azerbaijan decreased by 26.8 percent in terms of value, and reached 11510 units (47.2 percent) in quantitative terms. For comparison: in January-July 2013 from Georgia to Azerbaijan some 24370 cars in the amount of $228.2 million were exported.

The decline in the supply of cars in the country is due to the transition of Azerbaijan on the Euro-4 environmental standard, the use of which started from the first of April this year. The introduction of Euro-4 significantly restricts the importation of used cars, which make up a large part of the import of cars from Georgia to Azerbaijan.

Cars are delivered to Georgia from abroad.

In January-July 2014 the share of Azerbaijan had 20.3 percent of Georgia's export. In January-July goods worth $337.63 million were exported from Georgia to Azerbaijan. Export to Azerbaijan decreased by 14.9 percent compared to the same period of 2013. For comparison: in January-July of last year Georgian goods worth $396.55 million were exported to Azerbaijan.



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