Azerbaijan ranks first for fuel exports to Georgia

By Azernews

By Ayya Lmahamad

Azerbaijan ranked first among the top exporters of fuel and lubricants to Georgia in January-November 2021, Day.az has reported.

During the reported period, Georgia increased imports of fuel and lubricants from Azerbaijan by 6.5 percent to $340.9 million.

Thus, Azerbaijan ranked first in fuel and lubricants exports to Georgia, followed by Russia with $239.6 million and Turkmenistan with $175.7 million.

At the same time, Georgia increased imports of fuel and lubricants from Azerbaijan by 15.1 percent in November, compared to the same month of 2020, and by 2.5 percent compared to October 2021, and totaled $41 million.

It should be noted that Georgia's total imports of fuels and lubricants in January-November 2021 increased by 35.4 percent to $1.1 billion compared to the same period in 2020.

Azerbaijan and Georgia are cooperating in various fields of economy. Earlier this year, Azerbaijan and Georgia have signed several cooperation agreements within the framework of a meeting of the joint intergovernmental commission on economic cooperation. 

The volume of the trade turnover between the two countries amounted to $684.8 million, with exports accounting for $591.8 million and imports for $92.9 million in January-November 2021.

Azerbaijan was Georgia’s main bitumen supplier in 2020, accounting for 63.8 percent of this country's total imports of bitumen. At the same time, Azerbaijan was the largest diesel fuel supplier to Georgia in 2020 as well, accounting for 19.4 percent of total imports. Meanwhile, Azerbaijan was Georgia’s largest electricity supplier in 2020, accounting for 45 percent or 726 million kWh of the country’s total electricity import.