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

  • The value of exports decreased 12% and amounted to $3.34 billion, while imports decreased 15.9%, amounting to $8 billion. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 20 Jan 2021 - 12:58, Tbilisi,Georgia

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.

Back