20.Sep .2019 14:11

Georgia’s top trading partners in Jan-August - Turkey, Russia and Azerbaijan

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Georgia's top trading partners were Turkey ($1.14 billion), Russia ($903.9 million) and Azerbaijan ($682.5 million) in January-August 2019, show the preliminary data from the National Statistics Office of Georgia (Geostat).

In January-August 2019 the share of the top ten trading partners in Georgia’s total external trade turnover amounted to 66.5 percent.

Trade with EU countries

The external trade turnover with European Union (EU) countries decreased by 3.7 per cent year-on-year (y/y) and amounted to $2 billion, said Geostat.

Exports totaled $571.1 million (25.3 percent higher), while imports reached $1.5 billion (11.6 percent lower).

Trade with CIS countries

The external trade turnover of Georgia with Commonwealth of Independent States (CIS) countries totalled $2.77 billion in January-July 2019 which is a 0.3 per cent decrease compared to the same period of 2018.

Exports came to $1.27 billion (24.2 per cent higher) while imports sank to $1.49 billion (14.7 per cent lower).

What are Georgia’s main exports?

Georgia’s top exported commodities in January-August 2019 were:

Copper ores and concentrates - $430.6 million (17.9% of total exports)
Motor cars - $381.5 million (15.8 of total exports)
The ferro-alloys - $207.1 million (8.6% of total exports)
What are Georgia’s main imports?
The top import commodities in January-August 2019 were:

Petroleum and petroleum oils - $474.0 million (8.3% of total imports)
Motor cars - $423.8 million (7.4% of total imports)
Copper ores and concentrates - $375.4 million (6.6% of total imports)
Overall, Georgia’s external trade turnover increased to $8.13 billion (0.01%) in January-August 2019 reports preliminary data from the National Statistics Office of Georgia (Geostat).

Georgian external trade amounts to $8.13 billion in January-August 2019

The value of exports increased by 12.4 per cent and reached $2.4 billion, while imports decreased 4.4 per cent and amounted to $5.7 billion.

The trade deficit of Georgia in January-August 2019 amounted to $3.3 billion which is 40.6 per cent of trade turnover.

Source - Agenda.ge