Jan-Sep 2019: 22.8% of Georgian exports going to EU

Georgia exported 22.8 per cent of total exports to EU countries in January-September 2019, while it exported 52.6 per cent to CIS countries, show the preliminary data from the National Statistics Office of Georgia (Geostat).

Substantial shares of total imports to Georgia are distributed between CIS countries (26.3 per cent) and EU countries (25.8 per cent).

Top trading partners 

Georgia's top trading partners were Turkey ($1.3 billion), Russia ($1.03 billion) and China ($772.4 million) in January-September 2019, show the preliminary data from the National Statistics Office of Georgia (Geostat).

In January-September 2019 the share of the top ten trading partners in Georgia’s total external trade turnover amounted to 66.7 per cent.

Top countries by exports

In January-September 2019 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 72.6 per cent.

In January-September the top export partners were Russia ($371.1 million), Azerbaijan ($355.1 million) and Armenia ($261.3 million).

Top countries by imports

In January-September 2019 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 65.9 per cent.

However, top import partners were Turkey ($1.14 billion), Russia ($661.4 million) and China ($647.2 million).

Trade with EU countries

The external trade turnover with European Union (EU) countries decreased by 4.6 per cent year-on-year (y/y) and amounted to $2.29 billion, said Geostat.

Exports totaled $620.1 million (16.3 per cent higher), while imports reached $1.67 billion (10.6  per cent lower).

Trade with CIS countries

The external trade turnover of Georgia with Commonwealth of Independent States (CIS) countries totalled $3.14 billion in January-September 2019 which is a 0.9 per cent increase compared to the same period of 2018.

Exports came to $1.43 billion (23.2 per cent higher) while imports sank to $1.7 billion (12.4 per cent lower).

What are Georgia’s main exports?

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

• Copper ores and concentrates - $476.4  million (17.5% of total exports)
• Motor cars - $454.3  million (16.7% of total exports)
• Ferro-alloys - $240 million (8.8% of total exports)

What are Georgia’s main imports?

The top import commodities in January-September 2019 were:

• Petroleum and petroleum oils - $543.2  million (8.4% of total imports)
• Motor cars - $483.2  million (7.5% of total imports)
• Copper ores and concentrates - $412.4  million (6.4% of total imports)

Overall, Georgia’s external trade turnover increased to $9.19 billion (0.5%) in January-September 2019 reports preliminary data from the National Statistics Office of Georgia (Geostat).

• Georgian external trade amounts to $9.19 billion in January-September 2019

The value of exports increased by 11.1 per cent and reached $2.72 billion, while imports decreased 3.3 per cent and amounted to $6.47 billion.

The trade deficit of Georgia in January-September 2019 amounted to $3.76 billion which is 40.8 per cent of trade turnover.