Azerbaijan is Georgia's Second Largest Foreign Trade Partner

Azerbaijan is the second largest foreign trade partner of Georgia. In January-November 2009 Georgia's foreign trade turnover with Azerbaijan hit $488.1 million which is 35.1 percent lower compared to the same period of 2008, the Georgian State Statistics Department told Trend Capital.

Georgia's exports fell by $37.4 million and amounted to $154.2 and imports decreased by $226.9 million and totaled $333.8 million.

Georgia observed a decline in the foreign trade in January-November. During the report period, exports decreased by 27.7percent to $1028 and imports - by 32.5 percent to $3918.5 million.

In January-November 2009 negative trade balance amounted to $2890.5 million. This was recorded in trade relations with 99 partner countries. Positive trade balance amounted to $173 million and recorded in foreign trade relations with 29 countries.

Turkey is Georgia's largest trade partner, but trade turnover with this country fell by 17.2 percent and amounted to 928.1 million. Exports fell by 16.1 percent ($211.3 million), while imports decreased by $151.8 ($716.7).

Ukraine ranked third in this list. Georgia's foreign trade turnover with Pakistan fell by 40.2 percent ($438.1 million). Exports fell by $58.3 ($65.4 million) and imports - by $236,600 ($372.7 million).