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 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.