The manufacturing sector was one of the key drivers of Georgia’s 8% economic growth in July, with the expansion largely linked to increased petroleum products production and exports, according to Geostat Executive Director Gogita Todradze.
Todradze said manufacturing had the largest impact on July’s economic growth, with oil refining and exports particularly strengthening this year. He did not specify how many percentage points the petroleum sector contributed to overall growth. Production of naphtha, gasoil and fuel oil increased significantly, while exports of these petroleum products rose approximately 25-fold year-on-year in July, mainly to several African countries and Singapore.
Petroleum refining activity in Georgia accelerated from late 2025 after Black Sea Petroleum began operating its oil refinery in Kulevi. The development has contributed to a sharp increase in locally produced petroleum product exports.
According to Geostat, Georgia exported 778,000 tonnes of locally produced petroleum products worth $543 million in the first seven months of 2026, marking an approximately 40-fold increase year-on-year.
