19.Mar .2020 17:45

Export of 6 Products from TOP-10 Exporting Commodities are declined

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According to Geostat, in January-February 2020 the exports of Georgia (excluding non-declared exports) equaled USD 526.3 million, 4.5 percent higher year-on-year. Import increased by 6.7% mounting 1.327 billion USD.

As of the report, the main reason for the increase in Georgian exports is a 45% increase in automobile re-exports, while other major export products are also in decline. Including, exports of ferroalloys, nitrogen fertilizers, wine, spirits, medicines and other goods are declined as well.

TOP-10 Largest Export Commodities in January-February:

1) Cars (re-export) - $ 99.5 million USD, an increase of 44.8% over the previous year;
2) Copper ores and concentrates - $ 89.1 million USD, up 13.9% from the previous year;
3) Ferroalloys - $ 43.3 million USD, down 17.2% from the previous year;
4) Natural grape wines - $ 28.4 million USD, down 15% from the previous year;
5) Nitrogen fertilizers - $ 20.3 million USD, down 14.7% from the previous year;
6) Precious metal ores and concentrates - $ 16.7 million USD;
7) Mineral and Freshwater - $ 15.7 million USD, down 11.8% from previous year;
8) Alcoholic beverages - $ 15.4 million USD, down 16% from a year earlier;
9) Gold - $ 15.2 million USD, up 38.7% from a year earlier;
10) Packaged Medicines - $ 9 million USD, down 68% from a year earlier.

Export of other commodities have made up 171 million USD, which is 7.5% less comparing to the same period of 2019.