In 2013 Georgia imported from Azerbaijan 295,074 tons of oil products to the amount of $275,069,000, reads the report of the Georgian Statistical Service.
During 2013 Georgia imported oil products to the amount of $954,041,000. Thus, Azerbaijan ensured 28.89% of import of the country in this category.
According to the report, during a year import of oil products from Azerbaijan by Georgia decreased by 17.83% (by 45,048 tons). In 2012 Georgia imported from Azerbaijan 341,022 tons of oil products to the amount of $335,053,000. During this period specific weight of oil products in the total volume of products imported from Azerbaijan constituted 43.2%
In 2013 Georgia imported products to the amount of $638,011,000 from Azerbaijan. During this period the volume of import from Azerbaijan to Georgia increased by 0.7%. In 2012 Georgia imported Azerbaijani products to the amount of $633,054,000.—0—
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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