Georgia’s external trade up 22% in Jan-Nov:
Canada, Turkey and Russia – top trading partners
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Georgia’s external trade has grown 22 percent in the first 11 months of the year to reach $10.83 billion, shows latest preliminary data from the National Statistics Office of Georgia (Geostat).
Between January and November 2016 the value of Georgia’s exports dropped five percent to $1.92 billion, while the value of imports increased 29 percent to $8.91 billion, said Geostat.
Georgia’s trade deficit equalled $6.99 billion in the first 11 months of 2016, which was a 65 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.
Imports excluding Hepatitis C medicine were worth $6.51 billion - one percent less compared to the same period of 2015.
What's Georgia's main exports?
Georgia's top exported items in January-November were:
- Copper ores and concentrates (worth $285 million or 15 percent of total exports)
- Nuts (worth $168 million or nine percent of total exports)
- Ferro-alloys (worth $154 million or eight percent of total exports)
What is Georgia's main imports?
Georgia's top imported items were:
- Medicines (worth $2.64 billion or 30 percent of total imports)
- Petroleum and petroleum oils (worth $529 million or six percent of total imports)
- Motor cars (worth $414 million or five percent of total imports)
From the medicine imports, $2.39 billion of medicine was specifically Hepatitis C treatment for the country's Hepatitis C Elimination Program.
Georgia’s top trading partners in January-November 2016
Georgia’s top 10 trading partners in the first 11 months of 2016 made up 68 percent of Georgia’s total trade turnover, said the statistics agency.
In January-November, Georgia’s top three trading partners were:
- Canada ($1.83 billion)
- Turkey ($1.40 billion)
- Russia ($781 million)
Trade with EU countries
In the first 11 months of 2016 the external trade turnover of Georgia with European Union (EU) countries increased by 11 percent y/y and amounted to $3.08 billion.
Exports were worth $513 million (14 percent lower), while imports reached $2.57 billion (17 percent higher).
Trade with CIS countries
In January-November 2016 the external trade turnover of Georgia with the Commonwealth of Independent States (CIS) countries totalled $2.42 million – a four percent reduction y/y.
Exports were worth $659 million (14 percent lower) while imports equalled $1.76 billion (one percent higher).
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 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’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 grew by 15 percent this year and reached $3,945 million in January-May 2017, says the National Statistics Office of Georgia (Geostat).
Georgia’s top 10 trade partners in January-May 2017 made for 65.8 percent of the country’s total trade turnover, with Turkey ($591.1 million), Russia ($430.5 million) and Azerbaijan ($316.3 million) filling the top three spots.