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

Türkiye ($2 billion), Russia ($1.71 billion) and China ($1.40 billion) were the top trading partners of Georgia in its total external trade turnover in January-September 2022, preliminary data from the national statistics office of Georgia show. 

Georgia's top partners by exports in January-September 2022 were China ($574.8 million), Azerbaijan ($488.6 million) and Russia ($473.2 million), while the top markets by imports were Türkiye ($1.68 billion), Russia ($1.24 billion) and China ($829.3 million).

The top export items were the following: 

• Copper ores and concentrates - $753.3 million (18.4% of total exports)
• Motor cars - $590.5 million (14.4%)
• Ferro-alloys  - $431.6 million (10.5%)

The three top import commodities include: 

1. Motor cars - $1.08 billion (11.4% of total imports)
2. Petroleum and petroleum oils - $1.02 billion (10.7%)
3. Copper ores and concentrates - $568.1 million (6%)

Overall, in the first nine months of 2022, Georgian external trade turnover equalled $13.61 billion, posting an increase of 35.3 percent year-on-year.

The value of exports rose by 37.4 percent and equalled $4.09 billion in the reported period, while imports also grew by 34.4 percent, amounting to $9.51 billion.

Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $5.41 billion, and the share of trade turnover hit 39.8 percent.