Georgian external trade up 21.7% in January-July 2021

Georgia’s external trade turnover amounted to $7.48 billion in January-July 2021, which is 21.7% higher compared to the same period of the last year, show preliminary data from the National Statistics Office of Georgia (Geostat).

The value of exports increased 27.8% and totalled $2.27 billion, while imports also increased 19.3%, amounting to $5.20 billion.

The trade deficit of Georgia in January-July 2021 amounted to $2.93 billion which is 39.2% of total trade turnover.

In the reporting period Georgia's top trading partners by exports were China ($370.5 million), Russia ($322.7 million) and Azerbaijan ($295.3 million), while top trading partners by imports were Turkey ($917.4 million), Russia ($545.3 million) and China ($459.4 million).

The top trading partners in the total external trade of Georgia were:

• Turkey ($1.10 billion)
• Russia ($868 million)
• China ($829.9 million)

The top three export items were the following:

• Copper ores and concentrates - $465.9 million, 20.5% of total exports
• Motor cars - $248.3 million, 10.9% of total exports
• Ferro-alloys totalled - $228.5 million, 10% of total exports

The top import commodities were as follows:

Motor cars - $461.8 million, 8.9% of total imports

Petroleum and petroleum oils - $405 million, 7.8% of total imports

Copper ores and concentrates - $395.6 million, 7.6% of total imports