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Georgia reduces car export To Azerbaijan

Some 2,519 cars worth $45.97 million were exported from Georgia to Azerbaijan in January-July 2015 or 5.1 times less than in the same period of 2014, the Georgian National Statistics Service said in its foreign trade report as of January-July 2015.

The share of this category of goods in the total volume of Georgia’s export to Azerbaijan hit 30.33 percent during the reporting period.

Azerbaijan’s share in the total export of this category of goods from Georgia equaled 41.49 percent.

The car export from Georgia to Azerbaijan decreased by 3.64 times in terms of value and 10,337 units in terms of quantity compared to the same period of 2014.

For comparison, some 12,856 cars worth $167.097 million were exported from Georgia to Azerbaijan in January-July 2014.

The decline in the volume of car exports to the country is the result of Azerbaijan’s transition to Euro-4 ecological standard, the use of which began from April 1, 2014. The adoption of Euro-4 standard significantly restricts the import of used cars, which account for the major part of vehicles exported from Georgia to Azerbaijan.

The cars are delivered to Georgia from abroad.

Azerbaijan reduced the import of goods from Georgia by 2.23 times in January-July 2015 compared to the same period of last year. The goods worth $ 151.56 million were exported from Georgia to Azerbaijan in January-July 2015 or 11.9 percent of total Georgian exports.