Canada, Turkey, Russia – Georgia’s top trading partners in 2016
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Canada, Turkey and Russia were Georgia’s top trade partners in 2016, shows preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s top 10 trade partners in 2016 made for 68 percent of the country’s total trade turnover, with Canada ($1,832 million), Turkey ($1,525 million) and Russia ($881 million) filling the top three spots.
Trade with EU countries
Trade turnover with European Union (EU) countries increased by 14 percent year-on-year (y/y) and amounted to $3.60 billion, said Geostat.
Exports were worth $571 million (12 percent lower), while imports reached $3.03 billion (20 percent higher).
Trade with CIS countries
The external trade turnover of Georgia with the Commonwealth of Independent States (CIS) countries totalled $2.72 billion in 2016 – a three percent y/y reduction.
Exports were worth $739 million (12 percent lower) while imports equalled $1.98 billion (one percent higher).
What are Georgia's main exports?
Georgia's top exported commodities in 2016 were:
- Copper ores and concentrates (worth $312 million, or 15 percent of total exports)
- Nuts (worth $179 million, or nine percent of total exports)
- Ferro-alloys (worth $169 million, or eight percent of total exports)
What are Georgia's main imports?
Georgia's top imported commodities were:
- Medicines (worth $2.89 billion or 29 percent of total imports)
- Petroleum and petroleum oils (worth $619 million, or six percent of total imports)
- Motor cars (worth $473 million, or five percent of total imports)
From the medicine imports, $2.61 billion worth of Hepatitis C treatment medication was imported for the country’s Hepatitis C Elimination Program.
Georgia’s external trade in 2016
Georgia’s external trade grew by 20 percent in 2016 and totalled $11.96 billion, reported Geostat.
Last year the value of Georgia’s exports dropped by four percent to $2.11 billion, while the value of imports increased 27 percent to $9.85 billion.
Georgia’s trade deficit equalled $7.73 billion in 2016, which was a 65 percent share of the country's total trade turnover.
Trade deficit is an economic measure of the negative balance of trade in which a country's imports exceed its exports.
Imports excluding Hepatitis C medications were worth $7.23 billion – one percent less compared to 2015.
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 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.
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.
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.
Georgia’s external trade grew by 13.8 percent this year and reached $4829.9 million in January-June 2017, says the National Statistics Office of Georgia (Geostat).