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Growth is Fixed in the Export of Automobiles for the First Time Through the Resent Years

Growth is Fixed in the Export of Automobiles for the First Time Through the Resent Years

The revival is noted on the automobile market. Growth is fixed in the automobile exports for the first time in the last few years.

Cars cost of more than 67.7 million USD have been sold from Georgia in the 5 months and it is ranked in the top three of the export basket by 6.8%.

It is noteworthy that revenues from exports are increased by 4.7 million compared to last year. Moreover, cars of 20.2 million USD were exported in May.

Azerbaijan market has made a significant contribution in the growth, where the 5-month data is doubled y-o-y. This market has a total of 556 units of cars, which cost exceeds over 14,406 million.

It should be noted, that only 15% of the cars imported to Georgia have been exported in 2016. According to Sakstat, the country has received a total of 13 mln USD in earnings – total revenue of 166.6 mln USD.

The difficult situation began on the market from spring of 2014, after Azerbaijan demanded the cars to meet the Euro-4 standard. However, it has been added by a difficult economic situation in Azerbaijan. Cars have risen in price in Georgia too, which has been conditioned due to excise increases.