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Georgia-Russia Trade in 2023: exports increased by 26%, imports by 24%

ექსპორტი
BM. GE
22.08.23 10:43
6

For 7 months of 2023, the foreign trade turnover of Georgia amounted to $12.1 billion, recording an increase of 18% annually, according to the data of the National Statistics Office of Georgia (GeoStat).

Out of this, exports amounted to $3.6 billion, which is almost 16% more than the corresponding period of 2022, and imports - $8.5 billion, which is 19% more than the corresponding period last year.

Georgia’s the top three exporter countries are as follows: Armenia ($495 million), Azerbaijan ($485.3 million) and Russia ($416.2 million).

For 7 months of 2023, exports to Russia increased by 26.2%, and Russia's share in the country's total exports also increased and amounted to 11.6%.

As for importing countries, the top three were: Turkey ($1,420.6 million), Russia ($1,087.5 million) and the United States ($975.3 million).

In January-July 2023, the share of the ten largest trading partner countries in the total foreign trade turnover of Georgia amounted to 68.7%. The country's largest trading partners are: Turkey ($1,687.8 million), Russia ($1,503.7 million) and the United States ($1,023.1 million). As the statistics reveals, Russia is the second importing country, where the volume of imports this year increased by 24.2% annually.