Azerbaijan's trade turnover with Georgia has negative balance

Economy 15:04 20.11.2023

During January-October 2023, the volume of foreign trade turnover of Georgia with Azerbaijan amounted to 1 billion 230.5 million US dollars, according to the report of National Statistics Office of Georgia, Ednews reports via APA.

During the first three quarters of the current year, Georgia imported goods and products worth 516.98 million dollars from Azerbaijan. This indicator was the same as in the similar period of 2022.

Thus, during the first 9 months of 2022, Georgia's import from Azerbaijan amounted to 516.87 million dollars.

This year, imports from Azerbaijan accounted for 4.1% of Georgia's total imports.

During January-October of 2023, Georgia's exports to Azerbaijan increased by 31.76% year-on-year and reached 713.51 million dollars.

Thus, this year Georgia had a positive balance of $196.64 million in foreign trade with Azerbaijan.

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