“Decline was observed in exports due to the global crisis amid the pandemic. Demand for products on international markets has decreased, " - Nikoloz Chikovani, the special manager of "Georgian Manganese" declares.
“We predicted a decrease of 40-45% in exports, but the company did a lot and found new markets for its products. As a result, we had a decrease of 18-20% in 2020. This year will offset the decline, as we see a positive trend on the markets.
We hope that under normal conditions the company's share in total export rate will be from 7% to 12-13%. The share in GDP ranges from 1% to 2-%, which is not small. This company is important for the country.
In recent years, the company has done its best to minimize product imports. Today, 92-93% of the raw materials are purely local, which means less money is flowing out of the country,” - Chikovani said.
As of January-May 2021, exports of ferroalloys from Georgia increased by 32% to 144 million USD. With this indicator, ferroalloys occupy third place in the TOP-10 of major commodities by exports.
