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Georgia reduces exports to Azerbaijan in May

Georgia reduces exports to Azerbaijan in May

In May 2020, the central export countries were China, Russia, Bulgaria, Azerbaijan, Turkey, Spain, and Armenia.

In total, the share of Georgia's seven trade partners equaled 68% of the total export rate.

In May 2020, the registered exports of goods dropped by 30.3% from an annual point of view, the May review of the National Bank of Georgia reads.

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

The decline in exports (of cars, medications, and cigarettes) to Azerbaijan considerably contributed to the decrease in export incomes.

Ferroalloys and mineral water exports to Russia decreased, while cars, natural grape wines, and mineral waters exports to Ukraine also decline.

The export rate to Armenia dropped due to the decline in cars' re-export, while the US export rate declined due to the ferroalloys export drop. 

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