Türkiye, Russia, China Georgia’s top trading partners in January-August 2022

Türkiye ($1.78 billion), Russia ($1.47 billion) and China ($1.22 billion) were the top trading partners of Georgia in its total external trade turnover in January-August 2022, preliminary data from the National Statistics Office of Georgia show. 

Georgia's top partners by exports in January-August 2022 were China ($502.6 million), Azerbaijan ($421.5 million) and Russia ($409.3 million), while the top markets by imports were Türkiye ($1.46 billion), Russia ($1.06 billion) and China ($724 million).

The top export items were the following: 

• Copper ores and concentrates - $683.8 million (19.1% of total exports)
• Motor cars - $490.9 million (13.7%)
• Ferro-alloys  - $371.6 million (10.4%)

The three top import commodities include: 

• Motor cars - $940.4 million (11.2% of total imports)
• Petroleum and petroleum oils - $872.7 million (10.4%)
• Copper ores and concentrates - $531.4 million (6.4%)

In January-August 2022, Georgian external trade turnover equalled $11.93 billion, posting an increase of 36.6 percent year-on-year.

The value of exports rose by 36.9 percent and equalled $3.57 billion in the reported period, while imports also grew by 36.5 percent, amounting to $8.36 billion. 

Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $4.79 billion, while the share of trade turnover hit 40.2 percent.