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External Merchandise Trade Up By 22% - TOP-10 Exporting Commodities

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Natia Taktakishvili
20.04.23 13:00
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In January-March 2023 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 4 billion 783 million, 22.1% higher to the same period of 2022, - according to the preliminary data from the National Statistics Office of Georgia (Geostat).

According to the document, exports had only 30.5% share in the external merchandise trade. In the January-March, exports amounted to USD 1 billion 461 million, which was 24.7% higher than the data of 1Q2022, while imports amounted to USD 3 billion 322 million and the increase was 21%.

In the first quarter of 2023, in January-March 2023 motor cars claimed the first place in the list of top export items, equaling USD 411.8 million with 28.2% of total exports. The exports of copper ores and concentrates totaled USD 205.7 million and their share in the total exports amounted to 14.1%. The exports ferro-alloys occupied the third place standing at USD 81.8 million and constituting 5.6% of the total exports.

TOP-10 Commodity Groups By Exports

1. Motor cars – USD 411.7 million, increase - 333.9%;
2. Copper ores and concentrates – USD 205.7 million, decrease - 24.1%;
3. Ferroalloys – USD 81.8 million, decrease - 48.9%;
4. Wine of fresh grapes – USD 56.4 million, growth - 23.3%;
5. Nitrogen fertilizers – USD 55.2 million, decrease - 27.9%;
6. Spirituous beverages – USD 39.7 million, increase - 72.7%;
7. Hazelnuts and other nuts - USD 26.7 million, growth - 34.3%;
8. Natural or artificial mineral and aerated waters – USD 26.1 million, decrease - 20.2%;
9. Gold – USD 24.1 million, increase - 12.7%;
10. Cigars, cheroots, cigarillos and cigarettes – USD 22.8 million, growth - 241.3%