January-October 2018:
Georgia’s external trade with EU up 18.6%, with CIS up 27.4%
Overall, Georgia’s external trade grew by 20.5% in January-October 2018 and reached $10.30 billion, says Geostat. Photo: N. Alavidze/Agenda.ge.
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Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries.
In January-October 2018, trade turnover with EU countries increased by 18.6% (amounted to $2.76 billion) and with CIS countries by 27.4% year-on-year (y/y) (amounted to $3.51 billion), says the National Statistics Office of Georgia (Geostat).
In the reporting period export from Georgia to the EU countries amounted to $599.7 million, while imports amounted to $2.16 billion.
In January-October 2018 export to the CIS countries stood at $1.31 billion, while imports equalled $2.19 billion.
Overall, Georgia’s top 10 trade partners in January-October 2018 made for 65.9% of the country’s total trade turnover, with Turkey ($1.42 billion), Russia ($1.12 billion) and China ($903.4 million) filling the top three spots.
What are Georgia's main exports?
Georgia's top exported commodities in January-October 2018 were:
- Copper ores and concentrates (worth $423.9 million, or 15.4% of total exports)
- Motor cars (worth $316.6 million, or 11.5% of total exports)
- Ferro-alloys (worth $301.3 million, or 11% of total exports)
What are Georgia's main imports?
Georgia's top imported commodities were:
- Petroleum and petroleum oils (worth $730 million, or 9.7% of total imports)
- Motor cars (worth $492 million, or 6.5% of total imports)
- Copper ores and concentrates (worth $338.3 million or 4.5% of total imports)
Overall, Georgia’s external trade grew by 20.5% in January-October 2018 and reached $10.30 billion, says Geostat.
In the first seven months of 2018 the value of Georgia’s exports increased by 24.5% to $2.75 billion, while the value of imports also increased 19.2% to $7.55 billion with respect to January-October 2017.
Georgia’s external trade grew by 20.5% this year and reached $10.30 billion in January-October 2018, says the National Statistics Office of Georgia (Geostat).
Georgia is strengthening trade relations with the European Union (EU), to where in January-September of 2018 exports from Georgia amounted to $533 million – 13.2% higher year-on-year.
Georgia’s external trade grew by 20.8 per cent this year and reached $9.12 billion in January-September 2018, says the National Statistics Office of Georgia (Geostat). This year the value of Georgia’s exports increased by 25.7 percent to $2.44 billion, while the value of imports also increased 19.1 per cent to $6.67 billion with respect to January-September 2017, said Geostat.
The external merchandise trade of Georgia has exceeded eight billion USD in January-August 2018, up by 22.6 per cent y/y.
Georgia’s external trade grew by 18.6% this year and reached $11.32 billion in January-November 2018, says the National Statistics Office of Georgia (Geostat).
Copper ores and concentrates, motor cars and ferro-alloys were Georgia’s top exported commodities in January-November 2018, shows the preliminary data from the National Statistics Office of Georgia (Geostat).
The European Union (EU) has refused to import seven shipments of Georgian hazelnuts in 2018 due to the discovery of large amounts of the toxin aflatoxin..
Georgia’s external trade grew by 17% in 2018, reaching $12.48 billion, says the National Statistics Office of Georgia (Geostat).Last year Georgia’s trade deficit came out to $5.76 billion, which was a 46.1% share of the country's total trade turnover.
In January 2019 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 826.8 million, which is the 1.2 per cent higher compared to the same month of the last year, the Georgian National Statistics Office says.