2020 data: China is Georgia's top trading partner by exports

China is Georgia's top trading partner by exports in 2020, show the preliminary data from the National Statistics Office of Georgia (Geostat).

Georgian exports amounted to $476.3 million to China which is 14.3% of the total exports of the country and an increase of 113.4% compared to 2019.

After China the top partners of Georgia by exports were Azerbaijan ($441.3 million) and Russia ($441.1 million).

Overall, the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 70.4% in 2020.

The top trading partners were Turkey ($1.59 billion), Russia ($1.32 billion) and China ($1.18 billion). 

The top three export items were the following:

• Copper ores and concentrates - $729.4 million, 21.8% of total exports
• Motor cars totaled - $404.1 million, 12.1% of total exports
• Ferro-alloys - $247.3 million, 7.4% of the total exports

The top import commodities in 2020 were as follows:

• Motor cars - $759.5 million, 9.5% of the total imports
• Copper ores and concentrates - $533.5 million, 6.7% of total imports
• Petroleum and petroleum oils - $498.5 million, 6.2% of total imports

The external trade turnover of Georgia amounted to $11.34 billion in 2020, which is a decrease of 14.8% compared to last year.

The value of exports decreased 12% and amounted to $3.34 billion, while imports decreased 15.9%, amounting to $8 billion.

The trade deficit (an economic measure of the negative balance of trade in which a country's imports exceed its exports) amounted to $4.66 billion and its share in trade turnover made for 41.1%.

In the last month of 2020, exports amounted to $325.7 million, while imports amounted to $799 million. In December 2020, total turnover amounted to $1.12 billion, while the trade balance was - $473.3 million.