2019: Georgian exports to EU up 13 per cent
Georgia's top trading partners were Turkey ($1.82 billion), Russia ($1.47 billion) and China ($1.09 billion) in 2019. Photo: Nino Alavidze/Agenda.ge.
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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.
Top trading partners
Georgia's top trading partners were Turkey ($1.82 billion), Russia ($1.47 billion) and China ($1.09 billion) in 2019.
In 2019 the share of the top ten trading partners in Georgia’s total external trade turnover amounted to 66.9 per cent.
Top countries by exports
In 2019 the share of the top ten trading partners in total exports of Georgia amounted to 73.3 per cent.
In 2019 the top export partners were Azerbaijan ($498.7 million), Russia ($497.1 million), and Armenia ($412.2 million).
Top countries by imports
In 2019 the share of the top ten trading partners in total imports of Georgia amounted to 65.8 per cent.
The country’s top partners were Turkey ($1.61 billion), Russia ($975.9 million) and China ($858.7 million).
Trade with EU countries
External trade turnover with European Union (EU) countries decreased 2.8 per cent year-on-year (y/y) and amounted to $3.15 billion.
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.
Trade with CIS countries
The external trade turnover with the Commonwealth of Independent States (CIS) countries increased by 1.8 per cent and reached $4.44 billion.
Exports came to $2 billion (20 per cent higher y/y) while imports sank to $2.44 billion (9.5 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 26.9 per cent of total imports.
What are Georgia’s main exports?
Georgia’s top exported commodities in 2019 were:
- Motor cars - $686.7 million (18.2% of total exports)
- Copper ores and concentrates - $651.6 million (17.3% of total exports)
- Ferro-alloys - $303 million (8% of total exports)
What are Georgia’s main imports?
The top import commodities in 2019 were:
- Petroleum and petroleum oils - $757 million (8.4% of total imports)
- Motor cars - $653.7 million (7.2% of total imports)
- Copper ores and concentrates - $603.7 million (6.7% of total imports)
Overall, Georgia’s external trade turnover increased to $12.83 billion (2.7 per cent higher y/y) in 2019.
The value of exports increased 12.4 per cent and reached $3.77 billion, while imports decreased 0.8 per cent, amounting to $9.06 billion.
The trade deficit of Georgia in 2019 amounted to $5.29 billion which is 41.2 per cent of total trade turnover.
Export from Georgia reached a historic high in 2019, announced the Georgian government earlier today, stating that exports to the EU also reached a record high, with the value of exports increased 12.4 per cent and reaching $3.77 billion, while imports decreased 0.8 per cent, amounting to $9.06 billion.
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).
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).
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).
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The EU has launched an online portal named ‘Access2Markets’ to support small and medium-sized firms trade beyond the EU borders.
The European Union has allowed the importation of pet food from Georgia to the EU.
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