19.Aug .2022 21:00

Negative trade balance of Georgia at USD 4 bln

Negative trade balance of Georgia at USD 4 bln
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In January-July 2022 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 10 188.1 million, 35.3 percent higher to the same period of 2021. The exports equaled USD 3 100.7 million (36.4 percent higher), while the imports stood at USD 7 087.4 million (34.8 percent higher). The negative trade balance was USD 3 986.7 million in January-July 2022 and its share in external trade turnover constituted 39.1 percent, reads the recent report of National Statistics Office of Georgia. 

In January-July 2022 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 79.6 percent. The top partners were China (USD 475.6 million), Azerbaijan (USD 351.5 million) and Russia (USD 339.1 million).

In January-July 2022 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 66.4 percent. The top partners were Türkiye (USD 1 226.2 million), Russia (USD 874.9 million) and China (USD 619.0 million).

In January-July 2022 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 68.8 percent. The top trading partners were Türkiye (USD 1 521.2 million), Russia (USD 1 214.0 million) and China (USD 1 094.6 million).

In January-July 2022 copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 621.0 million with 20.0 percent of total exports. The exports of motor cars totaled USD 370.8 million and their share in the total exports amounted to 12.0 percent. The exports ferro-alloys occupied the third place standing at USD 354.3 million and constituting 11.4 percent of the total exports.

The top import commodities in January-July 2022 were motor cars whose imports equaled USD 759.7 million (10.7 percent of the total imports). The petroleum and petroleum oils followed in the list with USD 718.8 million (10.1 percent of imports). The copper ores and concentrates were third in the top import commodity list with USD 490.9 million (6.9 percent of imports).