Georgia’s top trading partners in Jan-July – Turkey, Russia, Azerbaijan

Turkey, Russia and Azerbaijan are Georgia’s top trade partners this year, show preliminary data from the National Statistics Office of Georgia (Geostat).

Georgia’s top 10 trade partners in January-July 2019 made for 66.7 per cent of the country’s total external trade turnover, with Turkey ($999.6 million), Russia ($790.2 million) and Azerbaijan ($600.6 million) filling the top three spots.

Trade with EU countries

The external trade turnover with European Union (EU) countries decreased by 5.2 per cent year-on-year (y/y) and amounted to $1.78 billion, said Geostat.

Exports totaled $503.5 million (20.6 percent higher), while imports reached $1.28 billion (12.6 percent lower).

Trade with CIS countries

The external trade turnover of Georgia with Commonwealth of Independent States (CIS) countries totalled $2.40 billion in January-July 2019 – 0.7 per cent higher compared to the same period of 2018.

Exports came to $1.10 billion (26.6 per cent higher) while imports sank to $1.30 billion (14.3 per cent lower).

What are Georgia’s main exports?

Georgia’s top exported commodities in January-July 2019 were:

• Copper ores and concentrates (worth $278.1 million, or 14.9% of total exports)
• Motor cars (worth $202.5 million, or 10.8% of total exports)
• Ferro-alloys (worth $205.9 million, or 11% of total exports)

What are Georgia’s main imports?

Georgia's top imported commodities were:

• Petroleum and petroleum oils (worth $404.4 million, or 8.1 percent of total imports)
• Motor cars (worth $366.9 million or 7.4 percent of total imports)
• Copper ores and concentrates (worth $330.1 million or 6.7 per cent of total imports)

Overall, Georgia’s external trade decreased 0.2 per cent and decreased to $7.07 billion in January-July 2019, says the National Statistics Office of Georgia (Geostat).