In January-October 2023 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 17 785.4 million, 16.2 percent higher to the same period of 2022, Geostat reported.
The exports equaled USD 5 102.3 million (12.5 percent higher), while the imports stood at USD 12 683.1 million (17.8 percent higher). The negative trade balance was USD 7 580.9 million in January-October 2023 and its share in external trade turnover constituted 42.6 percent.
In January-October 2023 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 80.5 percent. The top partners were Azerbaijan (USD 713.5 million), Armenia (USD 657.5 million) and Kazakhstan (USD 579.9 million).
In January-October 2023 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 70.8 percent. The top partners were Türkiye (USD 2 103.9 million), USA (USD 1 591.1 million) and Russia (USD 1 481.2 million).
In January-October 2023 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 2 462.8 million), Russia (USD 2 040.2 million) and USA (USD 1 665.6 million).
In January-October 2023 motor cars claimed the first place in the list of top export items, equaling USD 1 762.0 million with 34.5 percent of total exports. The exports of copper ores and concentrates totaled USD 450.9 million and their share in the total exports amounted to 8.8 percent. The exports of wine of fresh grapes occupied the third place standing at USD 217.3 million
and constituting 4.3 percent of the total exports.
The top import commodities in January-October 2023 were motor cars, whose imports equaled USD 2 589.8 million (20.4 percent of the total imports). The petroleum and petroleum oils followed in the list with USD 928.6 million (7.3 percent of imports). The medicaments put up in measured doses were third in the top import commodity list with USD 445.2 million (3.5 percent of imports).
