January-October: Georgia’s external trade grows 22%
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Georgia’s external trade has grown 22 percent in the first 10 months of the year, reaching $9.95 billion, shows latest data from the National Statistics Office of Georgia (Geostat).
Between January and October 2016 the value of Georgia’s exports dropped seven percent to $1.70 billion, while the value of imports increased 31 percent to $8.25 billion, said Geostat.
Georgia’s trade deficit equalled $6.55 billion in the first 10 months of 2016, which was a 66 percent share of the country's total trade turnover, showed the latest data by Geostat.
Trade deficit is an economic measure of a negative balance of trade in which a country's imports exceeds its exports.
Trade with EU countries
Between January-October Georgia's external trade turnover with EU countries grew 10 percent and amounted to $2.82 billion. These countries made up a 28 percent share in Georgia's total external trade turnover, said Geostat.
Trade with CIS countries
In January-October 2016 Georgia's external trade turnover with countries in the Commonwealth of Independent States (CIS) were worth $2.12 billion (six percent decrease). Countries in the CIS made up a 21 percent share in the total external trade turnover of Georgia in the reporting period.
Georgia’s top trading partners in January-October 2016
In January-October, Georgia’s top three trading partners were:
- Canada ($1.8 billion)
- Turkey ($1.2 billion)
- Russia ($687 million)
What are Georgia’s main exports?
Georgia's top exported items in January-October were:
- Copper ores and concentrates (worth $265 million/16 percent of total exports)
- Nuts (worth $146 million/nine percent of total exports)
- Motor cars (worth $138 million/eight percent of total exports)
What are Georgia’s main imports?
Georgia's top imported items were:
- Medicines (worth $2.6 billion/32 percent of total imports)
- Petroleum and petroleum oils (worth $476 million/six percent of total imports)
- Motor cars (worth $374 million/five percent of total imports)
Regarding import of medicines, $2.3 billion of medicine was specifically used as Hepatitis C treatment.
Between January and September 2016 Georgia's external trade turnover with European Union countries reached $2.5 billion.
Georgia is strengthening its trade relations with the European Union (EU), the Commonwealth of Independent States (CIS) and other countries.
Negative trade balance reduces y/y
Georgia is balancing its trade ties with the European Union (EU), the Commonwealth of Independent States (CIS) and other countries and reducing its negative trade balance.
Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries.
Georgia’s external trade has grown 22 percent in the first 11 months of the year to reach $10.83 billion, shows latest data from the National Statistics Office of Georgia (Geostat).
Canada, Turkey and Russia – top trading partners
Georgia’s external trade has grown 22 percent in the first 11 months of the year to reach $10.83 billion, shows latest data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade has grown 21 percent in 2016 and totaled $11.98 billion, shows the latest preliminary data from the National Statistics Office of Georgia (Geostat).
Canada, Turkey and Russia were Georgia’s top trade partners in 2016, shows preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia is increasing its trade power with European Union (EU), the Commonwealth of Independent States (CIS) and other countries.
Georgia is increasing its trade power with European Union (EU), the Commonwealth of Independent States (CIS) and other countries, reports the National Statistics Office of Georgia (Geostat).
Georgia’s external trade grew by 18 percent this year, reports the National Statistics Office of Georgia (Geostat).
Turkey, Russia, Azerbaijan – top trading partners
Turkey, Russia and Azerbaijan were Georgia’s top trade partners this year, shows preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade grew by 18 percent this year and reached $2.2 billion in January-March 2017, says the National Statistics Office of Georgia (Geostat).
Turkey, Russia and Azerbaijan were Georgia’s top trade partners this year, shows preliminary data from the National Statistics Office of Georgia (Geostat). Georgia’s top 10 trade partners in January-March 2017 made for 66 percent of the country’s total trade turnover, with Turkey ($331 million), Russia ($255 million) and Azerbaijan ($207 million) filling the top three spots.
Georgia’s external trade has grown by 17 percent in the first four months of this year compared to the same period of the previous year.