Turkey, Azerbaijan, Russia top trading partners of Georgia in January 2022

Turkey ($168.7 million), Russia ($128.6 million) and Azerbaijan ($122 million) are the top trading partners of Georgia in total external trade turnover in January 2022, preliminary data from the National Statistics Office of Georgia (Geostat) show.

Georgia's top trading partners by exports in January 2022 were Bulgaria ($49.6 million), Azerbaijan ($46.8 million) and Russia ($42.7 million), while the top trading partners by imports were Turkey ($141.1 million), Russia ($85.9 million) and China ($75.2 million).

Image: Geostat. 

The top three export items were as follows:

• Copper ores and concentrates - $66.3 million (+33.5%)
• Motor cars - $36.3 million (+46.2%)
• Ferro-alloys - $31.4 million (+34.9%)

The top import commodities were the following:

• Motor cars - $80.2 million (+46.8%)
• Petroleum and petroleum oils - $72.7 million (+97.7%)
• Petroleum gases and other gaseous hydrocarbons - $63.9 million (+37.8%)

Georgian external trade turnover amounted to $1.1 billion in January 2022, which is an increase of 41.1 percent year-on-year. 

• Georgian external trade up 41.1% in January 2022

The value of exports grew by 47.6 percent and equalled $331.3 million in the reporting period, while imports also increased by 38.5 percent, reaching $778.1 million.

Trade deficit, a measure of the negative balance of trade in which imports exceed exports, totalled $446.7 million, and the share in trade turnover added up to 40.3 percent.