Exports from Georgia hit historic high in 2019
Exports from Georgia to the EU increased by 13 per cent in 2019 compared to last year and reached $825.7 million which made for 21.9 per cent of total exports. Photo: Nino Alavidze/Agenda.ge.
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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.
Exports from Georgia to the EU increased by 13 per cent in 2019 compared to last year and reached $825.7 million which made for 21.9 per cent of total exports.
In 2019, Georgia generated unprecedented income from exporting wine to the amount of $223 million. The export of wine increased by 13.2 per cent compared to the previous year. Also, the export of nuts increased by 10.6 per cent and reached $67 million.
It is worth mentioning that Georgia hit an unprecedented volume of clothes exports, the value of which amounted to $56.9 million in 2019, which is 53.2 per cent more compared to last year.
Other export products in which Georgia experienced a significant y/y increase in 2019 are the following:
- Still and mineral waters - $133.5 million (21.2 per cent increase)
- Citrus fruits - $21 million (44.4 per cent increase)
- Peaches, apricots, cherries and plums - $13 million (53.2 per cent increase)
- Apples, pears and quinces - $5 million (210 per cent increase).
The export of spices hit a historic high and amounted to $11 million in 2019 which is 24.7 per cent more compared to last year.
The Georgian trade deficit in 2019 decreased by $489 million and came out to $5.29 billion which is 41.2 per cent of total trade turnover.
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).
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 exported more than 87 per cent of its domestic export (export of locally produced goods and services, including those of foreign origin that have been substantially changed through local processing) in 2019 to countries with which it has a free trade agreement, said Deputy Minister of Economy Genadi Arveladze at the meeting with the media representatives on DCFTA matters.
Deputy Minister of Economy Genadi Arveladze has met with media representatives on DCFTA matters on February 8-9 where one of the main issues he discussed was Georgian free trade agreements.
The share of domestic export (export of locally produced goods and services, including those of foreign origin that have been substantially changed through local processing) amounted to 67.4 per cent of total exports in January 2020, reports the government of Georgia.
Georgia’s external trade turnover amounted to $1.86 billion in January-February 2020, which is an increase of 6.1 per cent compared to the same period of last year, show preliminary data from the National Statistics Office of Georgia (Geostat).
Turkey, Azerbaijan and Russia were Georgia's top trading partners in January-February 2020, show the preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia's domestic exports (exports without re-exports) amounted to $526.3 million in January-February 2020, which is 4.5 per cent more compared to the same period of last year, show the preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade turnover amounted to $2.77 billion in January-March 2020, which is an increase of 2.7 per cent compared to the same period of last year, show preliminary data from the National Statistics Office of Georgia (Geostat).
The production of wheat, barley, potatoes, stone fruits and citrus decreased in Georgia in 2019, while the production of maize, nuts and subtropical fruits increased in the country, show the preliminary data of 2019 published by the National Statistics Office of Georgia (Geostat).
Despite the pandemic, domestic exports hit historic high in Georgia in the first 10 months of 2020, says the Ministry of Economy.
Georgia exported locally produced goods worth $224.4 million in January 2021, which is 16.2% lower year-on-year, announces the National Statistics Office of Georgia (Geostat).