The trade turnover between Georgia and USA amounted to USD 1 billion 472 million in 9M24 and took the third place in the ranking of the largest trade partners with 8.8%-share.
According to official statistics, in this period of the year, the trade turnover of the countries decreased by 10.4% annually.
Trade turover with the USA decreased in January-September due to the decrease in imports. For this period, Georgia purchased goods worth USD 1 billion 376 million from America, which was 12.4% lower than last year's figure.
In the trade relations between the two countries, imports takes the main place, which is mainly due to the increased statistics of car imports from America. In 9 months, the USA ranks second in the ranking of Georgia's largest importing countries after Turkey with 11.5%-share.
TOP-5 Commodiites Imported from the USA:
Automobiles - $1.249 billion, 103,206 units;
Nuts, Walnuts and other nuts - $18.6 million, 3 153 tons;
Food products -$5.3 million, 129 tons;
Cosmetics - $4.6 million; 68 tons;
Motorcycles and bicycles - $4.4 million; 676 pieces.
In addition, this year Georgia bought clothes, poultry meat, used clothes, auto parts, trucks, telephones, packaged medicine, and frozen fish from America.
As for exports, the rate of sale of goods from Georgia to the USA is small, although America ranks ninth in the ranking of the largest exporting countries with a share of 2%. In the first 9 months of the year, Georgia received an income of USD 95 million 640 thousand from the sale of goods in this direction, which was an annual increase of 32%.
More than half of the exports come from the sale of local ferroalloys.
TOP-5 goods exported to the USA:
Ferroalloys - $59 million, 48,056 tons;
Natural grape wines - $5.9 million, 994 tons;
Aircraft parts - $5.2 million, 23.9 tons;
Ferrous metal pipes, tubes - $4.9 million, 4 632 tons;
Fruit and vegetable juices - $3.8 million, 2,596 tons;
Investments
In the second quarter of 2024, the United States of America was the leading country for Georgia not only in the direction of trade, but also in terms of foreign direct investments made in the country, which took the 7th place in the top ten investor countries only between April and June. For this period, American investments in the country are not so big, this year the volume of American FDI has decreased. According to Geostat, the volume of American investments in vasious sectos of the country's economy amounted to USD 52.1 million, while in January-June last year, a total of USD 82.6 million were invested. It should also be said that in 2023 the volume of American investments increased to USD 182 million annually (in 2022 - it was USD 178.7 million).
Remittances
The USA has advanced in the ranking of remittances transferred to Georgia. Only in September, USD 49 million entered the country in the form of remittances from a strategic partner country, which was 18% higher than the figure of September of the previous year.
In January-September 2024, the volume of remittances transferred from the USA to Georgia amounted to USD 417 million, which was an increase of 26%. In terms of remittances, Georgia ranks third after Russia and Italy.
Tourism
The rate of travel from the United States of America to Georgia is not so great. From the overseas country with a population of 327 million people, the number of visits to Georgia in January-September increased by 10.9% year-on-year amounting to 48,004 visits.
