In January-October 2024 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 19 025.3 million, 5.5% higher year-on-year, - according to the preliminary data from the National Statistics Office of Georgia (Geostat).
According to the document, the exports equaledt5 468.4 million (7.4 percent higher), while the imports stood at USD 13 556.9 million (4.8 percent
higher). The negative trade balance was USD 8 088.5 million in January-October 2024 and its share in external trade turnover constituted 42.5%.
In January-October 2024 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 81.9 percent. The top partners were Kyrgyzstan (USD 1 047.8 million), Kazakhstan (USD 714.3 million) and Azerbaijan (USD 611.0 million).
In January-October 2024 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 69.6 percent. The top partners were Türkiye (USD 2 219.2 million), USA (USD 1 596.2 million) and Russia (USD 1 481.3 million).
In January-October 2024 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 69.1 percent. The top trading partners were Türkiye (USD 2 636.0 million), Russia (USD 2 061.5 million) and USA (USD 1 728.3 million).
In January-October 2024 motor cars claimed the first place in the list of top export items, equaling USD 2 000.4 million with 36.6 percent of total exports. The exports of ferro-alloys totaled USD 310.5 million and their share in the total exports amounted to 5.7 percent. The exports of wine
of spirituous beverages occupied the third place standing at USD 242.0 million and constituting 4.4 percent of the total exports.
The top import commodities in January-October 2024 were motor cars, whose imports equaled USD 2 718.0 million (20.0 percent of the total imports). The petroleum and petroleum oils followed in the list with USD 1 090.5 million (8.0 percent of imports). The Medicaments put up in measured doses were third in the top import commodity list with USD 513.1 million (3.8 percent of imports).
