Turkey, China, Russia top trading partners of Georgia in January-May 2022
Georgia's top trading partners by exports in January-May 2022 were China ($362.8 million), Azerbaijan ($224.1 million) and Russia ($210.3 million), while the top trading partners by imports were Turkey ($830 million), Russia ($553.9 million) and China ($420.3 million). Photo: Nino Alavidze/Agenda.ge
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Turkey ($1.02 billion), China ($783.1 million) and Russia ($764.2 million) are the top trading partners of Georgia in total external trade turnover in January-May 2022, preliminary data from the National Statistics Office of Georgia show.
Georgia's top trading partners by exports in January-May 2022 were China ($362.8 million), Azerbaijan ($224.1 million) and Russia ($210.3 million), while the top trading partners by imports were Turkey ($830 million), Russia ($553.9 million) and China ($420.3 million).
The top three export items were as follows:
- Copper ores and concentrates - $465.9 million (22.1 percent of total exports)
- Ferro-alloys - $285.7 million (13.5 percent)
- Motor cars - $191 million (9 percent)
Last month Georgia exported a record $504 million of goods, marking a 48 percent increase compared to the same month of the previous year, Geostat said.
- Georgian exports reach monthly record-high $504 bln in May
- Exports up 48.4% “amid external challenges” - PM
Images: Geostat
The top import commodities were the following:
- Petroleum and petroleum oils - $461.2 million (9.6 percent of total imports)
- Motor cars - $454.7 million (9.4 percent)
- Copper ores and concentrates - $371.8 million (7.7 percent)
Images: Geostat
Overall, Georgian external trade turnover amounted to $6.93 billion in January-May 2022, posting a 37.4 percent increase year-on-year, said Geostat.
The exports equaled $2.11 billion (+37.5 percent y/y), while the imports stood at $4.82 billion (+37.3 percent y/y).
Georgian Economy Minister Levan Davitashvili on Monday said the country remained an "attractive country" for the investors despite the "high risks" in the Black Sea region.
Georgian Prime Minister Irakli Garibashvili on Monday highlighted the record-high monthly figure hit by the country’s exports in May, pointing to the $504 billion of goods exported amid the challenges created by the conflict in Ukraine.
Georgia exported a record $504 million of goods in May, marking a 48 percent increase compared to the same month of the previous year, preliminary data from the National Statistics Office of Georgia show.
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