Turkey, Russia, Azerbaijan Georgia’s top trading partners in January-February 2022
In January-February 2022, Georgian external trade turnover equalled $2.5 billion, which is an increase of 49.3 percent year-on-year. Photo: Nino Alavidze/Agenda.ge
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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.
Georgia has exported locally produced goods worth $760.4 million in January-February 2022, which is 54.5 percent higher year-on-year, preliminary data from the National Statistics Office of Georgia (Geostat) show.
Georgian external trade turnover amounted to $2.5 billion in January-February 2022, an increase of 49.2 percent year-on-year, latest data from the National Statistics Office of Georgia (Geostat) shows.
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