Jan-Oct 2019: external trade turnover with EU down 3.8 per cent
The trade deficit of Georgia in January-October 2019 amounted to $4.3 billion which is 41.4 per cent of trade turnover. Photo: Nino Alavidze/Agenda.ge.
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The external trade turnover with European Union (EU) countries decreased 3.8 per cent year-on-year (y/y) and amounted to $2.57 billion, while it increased by 0.6 per cent with the Commonwealth of Independent States (CIS) countries and reached $3.54 billion in January-October 2019, show preliminary data from the National Statistics Office of Georgia (Geostat).
Top trading partners
Georgia's top trading partners were Turkey ($1.47 billion), Russia ($1.18 billion) and China ($871.8 million) in January-October 2019.
In January-October 2019 the share of the top ten trading partners in Georgia’s total external trade turnover amounted to 66.6 per cent.
Top countries by exports
In January-October 2019 the share of the top ten trading partners by exports in total exports of Georgia amounted to 72.7 per cent.
In January-October the top export partners were Russia ($409.8 million), Azerbaijan ($400.4 million) and Armenia ($310.4 million).
Top countries by imports
In January-October 2019 the share of the top ten trading partners by imports in total imports of Georgia amounted to 65.6 per cent.
However, top import partners were Turkey ($1.3 billion), Russia ($774.2 million) and China ($721.2 million).
Trade with EU countries
Exports totalled $685.2 million (14.2 per cent higher y/y), while imports reached $1.89 billion (9 per cent lower y/y).
The share of exports to EU countries constituted 22.6 per cent of total exports, while the share of imports constituted 25.8 per cent of total imports.
Trade with CIS countries
Exports came to $1.61 billion (22.5 per cent higher y/y) while imports sank to $1.93 billion (12.5 per cent lower y/y).
The share of exports to CIS countries constituted 53.1 per cent of total exports, while the share of imports equalled 26.3 per cent of total imports.
What are Georgia’s main exports?
Georgia’s top exported commodities in January-October 2019 were:
- Copper ores and concentrates - $528.5 million (17.4% of total exports)
- Motor cars - $522.5 million (17.2% of total exports)
- Ferro-alloys - $251.7 million (8.3% of total exports)
What are Georgia’s main imports?
The top import commodities in January-October 2019 were:
- Petroleum and petroleum oils - $616.2 million (8.4% of total imports)
- Motor cars - $529.5 million (7.2% of total imports)
- Copper ores and concentrates - $497.5 million (6.8% of total imports)
Overall, Georgia’s external trade turnover increased to $10.37 billion (0.5 per cent higher y/y) in January-October 2019 reports preliminary data from the National Statistics Office of Georgia (Geostat).
The value of exports increased by 10.4 per cent and reached $3.04 billion, while imports decreased 3.1 per cent and amounted to $7.33 billion.
The trade deficit of Georgia in January-October 2019 amounted to $4.3 billion which is 41.4 per cent of trade turnover.
In January-November 2019 exports from Georgia to the EU countries increased by 14.2 per cent compared to the same period of last year and reached $752.3 million, while imports decreased 7.4 per cent and amounted to $2.09 billion show preliminary data from the National Statistics Office of Georgia.
Georgia’s external trade turnover amounted to $11.5 billion in January-November 2019, which is an increase of 1.4 per cent compared to the same period of last year, show preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade turnover amounted to $10.37 billion in January-October 2019, which is an increase of 0.5 per cent compared to the same period of last year, show preliminary data from the National Statistics Office of Georgia (Geostat).
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).
Georgia’s external trade turnover increased to $9.19 billion (+0.5%) in January-September 2019, show preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia's top trading partners were Turkey ($1.14 billion), Russia ($903.9 million) and Azerbaijan ($682.5 million) in January-August 2019, show the preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade turnover amounted to $12.83 billion in 2019, which is an increase of 2.7 per cent compared to last year, show preliminary data from the National Statistics Office of Georgia (Geostat).
Exports from Georgia to the EU increased by 13 per cent in 2019 compared to last year and reached $825.7 million, while imports decreased 7.4 per cent and amounted to $2.32 billion, show preliminary data from the National Statistics Office of Georgia. The share of exports to EU countries made for 21.9 per cent of total exports, while the share of imports constituted 25.6 per cent of total imports.
Georgia’s external trade turnover amounted to $882.4 million in January 2020, which is an increase of 5.7 per cent compared to the same period of last year, show data from the National Statistics Office of Georgia (Geostat).