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Azerbaijan reduces car import from Georgia

Azerbaijan Reduces car Import From Georgia

May 26-Some 1,737 cars worth $32.8 million were exported from Georgia to Azerbaijan in January-April 2015 or by 5.8 times less than in the same period of 2014, the Georgian National Statistics Service said in its foreign trade report as of January-April 2015.

The share of this category of goods in the total volume of Georgia’s export to Azerbaijan hit 36.6 percent during the reporting period. Azerbaijan’s share in the total export of this category of goods from Georgia equaled 45.1 percent. The car export from Georgia to Azerbaijan decreased threefold in terms of value and by 8,330 units in terms of quantity compared to the same period of 2014. For comparison, some 10,067 cars worth $97.69 million were exported from Georgia to Azerbaijan in January-April 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.

Some 13 percent of Georgia’s export accounted for Azerbaijan in January-April 2015. The goods worth $89.6 million were exported from Georgia to Azerbaijan in January-April 2015. The country’s export to Azerbaijan decreased by 2.1 times compared to the same period of 2014. For comparison, Georgian goods worth $188.45 million were exported to Azerbaijan in January-April 2014.