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Azerbaijan, Russia leading in reduction of imports to Georgia

Azerbaijan, Russia leading in reduction of imports to Georgia

In May 2020, the import of the goods decreased by 34.5% from an annual point of view.

Russia and Azerbaijan were leaders in the imports drop, as they had reduced importing oil and oil products amidst the decline in prices at international markets.

The central importer countries were Turkey, Russia, China, Armenia, Germany, Ukraine, and Azerbaijan in May 2020.

The seven key trade partners implemented 64% of the entire imports.

The National Bank reports that the export was less diversified than in 2019.

Imports from China, the US, Germany, Poland, and Turkey to Georgia have also declined, while imports from Armenia and Brazil increased due to the growth of the volume of imported copper and concentrates.

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