Turkey, Russia, Azerbaijan Georgia’s top trading partners in January-February 2022

Turkey ($354.4 million), Russia ($274.6 million) and Azerbaijan ($248.8 million) are the top trading partners of Georgia in total external trade turnover in January-February 2022, preliminary data from the National Statistics Office of Georgia (Geostat) show.

Georgia's top partners by exports in January-February 2022 were China ($95.4 million), Russia ($92.9 million) and Azerbaijan ($92.3 million), while the top markets by imports were Turkey ($295.5 million), Russia ($181.8 million) and Azerbaijan ($156.5 million).

The top three export items were as follows: 

• Copper ores and concentrates - $156.2 million (+65.4%)
• Ferro-alloys - $100.4 million (+92.7%)
• Motor cars -  $72.5 million (+45.3%)

The top import commodities were the following:

• Petroleum and petroleum oils - $162.6 million (+94.6%)
• Copper ores and concentrates - $153.8 million (+159.1%)
• Motor cars - $133.9 million (-8.9%)

Image: Geostat

In January-February 2022, Georgian external trade turnover equalled $2.5 billion, which is an increase of 49.3 percent year-on-year.

The value of exports grew by 54.5 percent and equalled $760.4 million in the reporting period, while imports also increased by 47.2 percent, reaching $1.7 billion.

Trade deficit, a measure of the negative balance of trade in which imports exceed exports, amounted to $1 billion, and the share in trade turnover added up to 40.2 percent.