Trade between Georgia and Azerbaijan is on the rise, but business leaders say the current figures fall short of what the two neighbours could achieve together.
According to Georgian data, bilateral trade turnover stands at $1.1 billion, while Azerbaijani estimates put the figure closer to $880 million. The gap highlights differing calculations -but also a wider issue of unrealised economic potential.
In an interview with AnewZ’s Orkhan Amashov, David Aptsiauri, General Director of the Chamber of Commerce and Industry of Georgia, said the headline numbers only tell part of the story.
“There is much more that might be done in the future,” Aptsiauri said, suggesting that trade alone does not fully reflect the depth of the relationship.
While commerce remains a central pillar, Aptsiauri noted that cooperation is expanding into newer areas. He pointed to the green economy, digital development and innovation as promising fields, alongside the well-established energy sector.
“Trade is a traditional sector… but there are many new fields of cooperation,” he said, adding that these areas are creating “new stories” in bilateral ties.
Despite global economic uncertainty, the overall trajectory remains positive. Both exports and imports are increasing, signalling resilience amid wider international challenges.
“The turnover is better this year… maybe not very impressive, but the dynamics are very good,” he said.
Energy cooperation continues to anchor the relationship, reinforced by joint involvement in regional and global projects. At the same time, bilateral engagement is steadily deepening.
Investment flows are also rising, indicating growing confidence between the two economies. While Aptsiauri did not go into detailed rankings, he emphasised the broader trend.
“The dynamics are definitely very positive,” he said.
As global political and economic conditions continue to shift, both countries appear to be looking beyond traditional trade - with a shared sense that their partnership still has significant room to grow.
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