The number of vehicle re-export from Georgia down by 66,000 in 2020. The total revenue of the sector dropped by 328.7 million USD. Consequently, the COVID-19 crisis hit the vehicle trade hard.
As of the Geostat report, exports to Armenia fell by 98%. In 2020, the number of vehicle re-export to Armenia totaled 850, while the figure exceeded 59 thousand in 2019. The drop in exports on the Armenian market is 230 million USD.
Like Armenia, sharp declines in re-exports were noted in Kazakhstan, Kyrgyzstan, and the UAE. In return, re-exports increased to Ukraine, Tajikistan and Turkey.
TOP Countries by Revenues from Vehicle Re-exports:
1 Azerbaijan - 23,348 cars worth $ 226,384,780; decrease in quantity -898;
2 Ukraine - 10,336 cars worth $ 81,094,680; decrease in quantity -156;
3 United Arab Emirates - 401 cars worth $ 23,941,840; decrease in quantity -246;
4 Belgium - 299 cars worth $ 14,266,070; increase in quantity - 166;
5 Russia - 1,906 cars worth $ 10,644,720; increase in quantity - 643;
6 Kyrgyzstan - 931 cars worth $ 8,208,530; decrease in quantity -6,635;
7 Tajikistan - 862 cars worth $ 6,159,990; increase in quantity - 340;
8 Turkey - 146 cars worth $ 5,428,810; increase in quantity - 59;
9 Armenia - 850 cars worth $ 4,884,390; decrease in quantity - 59,029;
10 Kazakhstan - 317 cars worth $ 3,961,350; decrease in quantity - 924;
Vehicle export ranked as the second among the major export commodities in 2020, while it took 1st place in 2019..
