Imports 16.6% down in Georgia in January-October - Geostat
Natia Taktakishvili
19.11.20 14:30
• 549
According to Geostat, in January-October 2020 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 9 159.5 million, 15.0 percent lower to the same period of 2019. The exports equaled USD 2 715.3 million (11.1 percent lower), while the imports stood at USD 6 444.2 million (16.6 percent lower). The negative trade balance was USD 3 728.9 million in January-October 2020 and its share in external trade turnover constituted 40.7 percent.
In January-October 2020 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 76.5 percent. The top partners were China (USD 418.9 million), Azerbaijan (USD 364.6 million) and Russia (USD 351.2 million).
In January-October 2020 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 70.0 percent. The top partners were Turkey (USD 1 131.3 million), Russia (USD 709.9 million) and China (USD 572.9 million). In January-October 2020 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 70.6 percent. The top trading partners were Turkey (USD 1 287.5 million), Russia (USD 1 061.1 million) and China (USD 991.8 million).
In January-October 2020 copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 618.6 million or 22.8 percent of total exports. The exports of motor cars totaled USD 335.6 million and their share in the total exports amounted to 12.4 percent. The Ferro-alloys exports occupied the third place standing at USD 198.3 million and constituting 7.3 percent of the total exports.
The top import commodities in January-October 2020 were motor cars whose imports equaled USD 623.3 million (9.7 percent of the total imports). The Copper ores and concentrates followed in the list with USD 450.4 million or 7.0 percent of imports. The petroleum and petroleum oils were third in the top import commodity list with USD 412.4 million (6.4 percent of imports).
