An increase by 95.5% has been attained by Georgia’s garlic imports.

The National Statistics Office reports that 2,845.45 tons of garlic were imported by Georgia in 2022 and 1,455.40 tons in 2021. Garlic worth $1,687.41 million was brought by the country in 2022, while in 2021 imports amounted to $ 804.09 thousand.
The biggest amount of garlic in the last 13 years was bought by the country during the pandemic in 2020. According to Sakstat, Georgia imported a record amount of garlic (2,845.45 tons) in 2020.
45% of the total garlic imports in 2022 are accounted for China. Georgia imported 1,278.90 tons of garlic worth $ 777.78 thousand from China last year.
533.65 tons of garlic (19% of the total imports) made Turkey the second largest garlic importing country.

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The volume of the trade turnover between Georgia and the USA

A 6.3%-share makes the United States of America one of the TOP-5 largest trading partners of Georgia.
According to official statistics, during 2022, Georgia-USA trade turnover amounted to USD 1 billion 206 million. Trade between the countries increased by 43.1% compared to the same period in 2021.
78% of the total trade turnover with the USA accounts for imports, while 22% – for exports.
USD 941.3 million was spent this year by Georgia on American goods (45.2% increase compared to the previous year).
The largest part in the imports was taken by the share of light vehicles (88.5%).
Cars (USD 833.2 million), meat and poultry products (USD 7.7 million, 7 471 tons), other goods (USD 6.7 million), used clothes and products -(USD 6.1 million, 440 tons), transmitting radiotelephone equipment (USD 5.8 million, 3 tons), liquid crystal devices (USD 4.9 million, 10 tons), nuts (USD 4.8 million, 1 765 tons), frozen fish (USD 4.8 million, 2 405 tons), food products (USD 4.5 million, 114 tons), oilcake and other solid waste (USD 4 million, 7 234 tons) were top-10 importing commodities.
USD 265 million was earned by the country on exports of goods in the USA in 202 (a 36.2% increase compared to 2021).
Ferroalloys (USD 232.6 million, 102 185 tons), diodes, transistors and similar semiconductor devices (USD 6.8 million, 838 tons), natural grape wines (USD 5.2 million, 1,039 tons), fruit and vegetable juices (USD 2.7 million, 1 809 tons), pipes, tubes and hollow profiles, seamless, made of black metal (USD 1.9 million, 1 253 tons), aircraft parts (USD 1.7 million, 5 tons), non-denatured ethyl alcohol (USD 1.6 million, 660 tons), furniture and its parts (USD 1.5 million, 347 tons), products for transportation of goods (USD 1.3 million, 438 tons), mineral and fresh waters (USD 1.2 million, 2 123 tons) were top-10 exporting commodities.

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A double increase was attained by Azerbaijan`s exports to Kuwait in 2022

A meeting between the Head of the Azerbaijan Export and Investment Promotion Agency (AZPROMO) Yusif Abdullayev and Ambassador of the State of Kuwait to the country Abdullah Muhammad Almauidi has been held to hail the double growth of Azerbaijan-Kuwait trade turnover in 2022, including Azerbaijan’s exports to Kuwait.
The business and investment promotion mechanisms applied in Azerbaijan, the activities of the agency in this field, as well as the support provided to entrepreneurs were highlighted by the Head of AZPROMO Yusif Abdullayev. According to him, it is highly recommended to organize business forums and meetings between the two countries` businesspersons.
The potential for increasing mutual trade and investments, emphasizing the importance of expanding relations between the two countries` business circles was noted by Ambassador Abdullah Muhammad Almauidi.
Views on prospects for cooperation in various fields of the economy were exchanged by the sides during the meeting.

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Generating more business cooperation was focused on at Kazakhstan-Bavarian Investment Roundtable

According to the Kazakh Invest national company’s press service, prospects for cooperation were explored at a Jan. 31 Kazakhstan-Bavarian Investment Roundtable in Munich, the capital of Bavaria, by Kazakh and German officials and business leaders.
Kazakh investment potential’s attraction for expanding Kazakh-German cooperation was highlighted by Deputy Minister of Foreign Affairs Almas Aidarov.
German business leaders were encouraged by Aidarov to invest in Kazakh energy, raw materials, industrial and machinery projects and to develop cooperation in the transport and logistics, agriculture, education, science, and IT sectors.
Government preferences were focused on by Kazakh Invest Chairman Meirzhan Yussupov. Transportation and logistics network, promising opportunities and the country’s investment climate were among the questions asked by German business people.
Aidarov and Yussupov led the Kazakh delegation in Bavaria and held meetings with German companies.
The possibility of creating a scientific and innovative competence centre for working with polyamides and metal powders was addressed by the sides at a meeting with Markus Glasser, Senior Vice President of EOS GmbH, a global technology leader for industrial 3D printing of metals and polymers. A partnership agreement was signed by EOS GmbH and Satpayev Kazakh National Research Technical University following the meeting.
Plans to produce polyethylene wax and nano-particle products using a unique technology in Kazakhstan were announced by Sergej Schmitke, CEO of GS-Bavaria GmbH, a metal powder supplier in nanoparticle size.
Bilateral trade turnover reaching $2.36 billion in 2022 (a 7 percent increase over the previous year ($2.2 billion) makes Germany one of Kazakhstan’s most important partners in the European Union.
More than $5 billion have been invested Germany in foreign direct foreign investments in Kazakhstan’s economy since 2005, most of which has flowed to the processing and manufacturing industries. 52 projects worth more than $4 billion are included in the list of Kazakh-German investment projects.

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Economy and trade are discussed by Azerbaijan and Hungary ahead of President Aliyev’s official visit

According to Azernews and to a tweet by Azerbaijan’s Economy Minister Mikayil Jabbarov, a meeting was held between him and Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto. The minister tweeted that the significance of the initiatives contributing to the bilateral relations has been highlighted during the meeting with Peter Szijjarto, the Minister of … Read more

Historic high is hit by Kazakh-Chinese trade turnover

According to the press service of the Kazakh embassy in China cited by Kazinform, the total volume of Kazakh-China trade turnover attained $31.2bn in 2022. The country’s General Customs Administration issued statistics showing that a 133.7% growth in Kazakh exports of agricultural products, 58% rise in exports of raw energy products, and 25.2% increase in … Read more

Nearly 200 thousand tons of crop products are exported to Azerbaijan by Kazakhstan

According to Kazinform correspondent, deputies of the Majilis of the Kazakh Parliament approved the draft law ratifying the agreement between the Kazakh and Azerbaijani governments on cooperation in the field of quarantine and plant protection.
The International Plant Protection Convention (IPPC) was accepted by Kazakhstan on April 29, 2010. Kazakhstan made the international obligations including observance and application of international standards on phytosanitary measures. According to Kazakh Agriculture Minister Yerbol Karashukeev, a favorable phytosanitary situation in both countries will be ensured by compliance with these requirements.
As of today, around 200 thousand tons of crop products with grains (wheat, barley, and oat) as well as rice and legumes making up the bulk are exported to Azerbaijan by Kazakhstan.
The data shows that around 14.5 thousand tons of fruits and vegetables are imported by Kazakhstan from Azerbaijan per year.

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Trade deal has been signed by Azerbaijan & Serbia

According to Azernews, an agreement on mutual understanding and cooperation has been signed by the Azerbaijani National Confederation of Organizations of Entrepreneurs (Employers) (ASK) and the Serbian Chamber of Commerce and Industry.
The agreement is aimed at expansion of the prospects for cooperation with business circles operating in Serbia and increase of the export-import potential of business entities and investments in both countries.
Joint business missions of the ASK and the Chamber of Commerce, exhibitions and business forums, joint implementation of projects, as well as the study of best practices through the exchange of information and specialists are planned to be conducted according to the agreement.
As it is reported on the website of ASK, cooperation with business support organizations existing in other countries continues to be expanded in order to increase the export and investment potential of Azerbaijan, as well as to expand economic ties in accordance with the ASK’s priorities for external relations.
Cooperation between Azerbaijan and Serbia takes place in a variety of economic sectors. The countries signed Azerbaijan-Serbia Declaration on Strategic Partnership in 2013 and the Joint Action Plan on Strategic Partnership in 2018. The groundwork for developing relations was created by these documents.
The amount of the trade turnover between Azerbaijan and Serbia reached $10.3 million in January-November 2022.

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Trade, economic and investment cooperation between Uzbekistan and Azerbaijan have been boosted

According to Azernews, joint measures to expand trade, economic, and investment cooperation, have been discussed by Azerbaijan and Uzbekistan.
It was during the meeting between Uzbek Foreign Minister Bakhtiyor Saidov and Azerbaijani Ambassador Huseyn Guliyev where the discussion took place.
A dynamic development of Uzbek-Azerbaijani relations, strategic partnership and multifaceted cooperation in all directions between the countries due to the regular and fruitful dialogue at the highest level was noted by the parties during the meeting.
The schedule of planned events, including the next meeting of the joint intergovernmental commission on cooperation between Azerbaijan and Uzbekistan, as well as the next round of political consultations through the foreign ministries of the two countries was considered by the parties.
The implementation of joint projects in the automotive, petrochemical, energy and agricultural sectors was additionally discussed by the sides.
Azerbaijan and Uzbekistan established diplomatic relations on October 2, 1995. Azerbaijan established the embassy in Uzbekistan in August 1996, while Uzbekistan opened the embassy in Azerbaijan in July 1998.
Shared values and historical ties, as well as a number of joint statements and agreements signed during bilateral visits and meetings are the basis of the friendly relations between the two countries.
The trade turnover between Azerbaijan and Uzbekistan reached $111.9 million in 2021.

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In January- November Armenia’s foreign trade turnover growth attained 67.8% (about $12.5 billion)

According to the National Statistical Committee (NSC), Armenia’s foreign trade in the first 11 months of 2022 showed growth by 67.8% compared to the same time period in 2021 and attained $12.5 billion.
Only in November 2022, the country’s foreign trade grew up by 74.5% compared to November 2021, but compared to October 2022 it fell down by 2%. The foreign trade surpassed 5.3 trillion Armenian drams.
The amount of over $4.7 billion was attained by Armenian exports in 11 months of 2022, compared to January-November 2021, (up by 75.2%). Only in November 2022 alone, an increase by 95.8% compared to November 2021 was shown by the exports, but compared to October 2022, it was a decrease by 8.4%. The total exports in eleven months of 2022 surpassed 2 trillion drams.
An increase of 63.6% compared to January-November 2021 was attained by Armenian imports during the reporting period (over $7.7 billion). A 69.9% growth was reached by imports in November 2022 compared to November 2021 and 2.4% compared to October 2022. Total imports in January-November 2022 surpassed 3.32 trillion drams. ($1 – 393.81 drams).

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