What were Georgia’s main exports and imports in Jan-Nov 2018?

This year the value of Georgia’s exports increased by 24% to $3.03 billion. Photo: N.Alavidze/Agenda.ge.

Agenda.ge, 19 Dec 2018 - 11:59, Tbilisi,Georgia

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).

More specifically, between January and November of 2018, Georgia exported:

  • Copper ores and concentrates - worth $461.4 million, or 15.2% of total exports
  • Motor cars - worth $356.6 million, or 11.8% of total exports
  • Ferro-alloys - worth $318.8 million, or 10.5% of total exports

In the same period of this year Georgia's top imported commodities were:

  • Petroleum and petroleum oils (worth $794.4 million, or 9.6% of total imports)
  • Motor cars (worth $533.1 million or 6.4% of total imports)
  • Copper ores and concentrates (worth $378.7 million, or 4.6% of total imports)

Trade with EU countries

Trade turnover with European Union (EU) countries increased by 16.9% year-on-year (y/y) and amounted to $3.01 billion, said Geostat.

Exports were worth $658.9 million (12% higher), while imports reached $2.35 billion (18.4% higher).

Trade with CIS countries

The external trade turnover of Georgia with the Commonwealth of Independent States (CIS) countries totalled $3.94 billion in January-November 2018 – 27.3% higher compared to the same period of 2017.

Exports were worth $1.49 billion (44% higher) while imports equalled $2.45 billion (18.9% higher).

Overall, Georgia’s external trade grew by 18.6% this year and reached $11.32 billion in January-November 2018, says Geostat.

This year the value of Georgia’s exports increased by 24% to $3.03 billion, while the value of imports also increased 16.8% to $8.29 billion with respect to January-November 2017, said Geostat.

Georgia’s trade deficit equalled $5.25 billion this year, which was a 46.4% share of the country's total trade turnover.

Turkey ($1.55 billion), Russia ($1.25 billion) and China ($967 million) were Georgia’s top trade partners in January-November 2018, says Geostat.