Azerbaijan, the largest trade partner of Georgia, after Turkey, Russia and China, occupies the fourth place in the TOP-10. In 10M2023, the trade turnover between the countries was more than USD 1 billion, which increased by 18.1% compared to the same period last year. The trade turnover of Georgia with neighboring Azerbaijan exceeded USD 1 billion in 2013.
The trade balance with Azerbaijan is positive and the export rate is slightly higher than the import. According to official statistics, this year Georgia received USD 541.7 million of income from the exports of goods in this direction. This was 22.2% more than the exports of the same period of the last year. Azerbaijan takes the second place in TOP-exporting countries. However, it should also be noted that the first place among the largest export goods is occupied by motor cars, which is half of the total exports.
TOP-10 Export Commodities:
1. Motor cars - USD 245.1 million;
2. Other industrial tobacco and industrial tobacco substitutes - USD 21.3 million;
3. Medicinal products packaged - USD 17.7 million;
4. Oil and oil products - USD 16.2 million;
5. Containers made of paper, cardboard, cellulose fiber cotton or canvas - USD 16.4 million;
6. Cattle - USD 16.2 million;
7. Telephone devices for cellular networks - USD 11.2 million;
8. Ferroalloys - USD 11.1 million;
9. Copton and other solid waste - USD 10.8 million;
10. Live sheep and goats - USD 10.6 million.
As for imports, this year USD 515.7 million was spent from Georgia to purchase goods of various names. The increase compared to the previous year is 14.2%. Thus, Azerbaijan took the fifth place among importing countries. During this period, the largest amount of money was sent from the neighboring country for the purchase of petroleum gases and petroleum products.
TOP-10 Import Commodities:
1. Petroleum gases and other gaseous hydrocarbons - USD 267.5 million;
2. Oil and oil products - USD 50.8 million;
3. Carbon steel rods - USD 43.1 million;
4. Cement - USD 31.3 million;
5. Petroleum coke, petroleum bitumen and other residues of petroleum processing - USD 19.7 million;
6. Electricity - USD 9.6 million;
7. Sugar - USD 7.1 million;
8. Gypsum, anhydrite in plaster - USD 5.7 million;
9. Motor Cars - USD 5.3 million;
10. Tea, flavored or non-flavored - USD 4.1 million.
