Georgian external trade up 32.8% in 2022
Georgian external trade turnover amounted to $19.04 billion in 2022, posting a 32.8 percent increase year-on-year, the Georgian National Statistics Office revealed on Friday. Photo: Nino Alavidze/Agenda.ge
Tweet 
Share
Georgian external trade turnover amounted to $19.04 billion in 2022, posting a 32.8 percent increase year-on-year, the Georgian National Statistics Office revealed on Friday.
The value of exports rose by 31.8 percent and equalled $5.59 billion, while imports also grew by 33.2 percent, amounting to $13.45 billion in 2022.
Image: Geostat
Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $7.85 billion, and the share of trade turnover hit 41.3 percent.
Armenia has become the sixth largest trade partner of Georgia after turnover between the two countries increased by 70 percent between January and November of 2022 to exceeded the $1 billion mark, Georgian Prime Minister Irakli Garibashvili said on Thursday in comments at a meeting of the Intergovernmental Economic Commission in Yerevan.
Georgia has exported locally produced goods worth $5.03 billion between January-November, which is a 31.8 percent increase year-on-year, preliminary data from the national statistics office of Georgia show.
Türkiye ($2.29 billion), Russia ($1.94 billion) and China ($1.52 billion) were the top trading partners of Georgia in its total external trade turnover in January-October 2022, preliminary data from the national statistics office of Georgia show.
Georgia and the Czech Republic have signed an agreement on priority directions in trade and economic relations between the two countries, the Georgian Economy Ministry announced on Monday.
Turkey ($2.80 billion), Russia ($2.48 billion) and China ($1.86 billion) were the top trading partners of Georgia in its total external trade turnover in 2022, preliminary data from the National Statistics office of Georgia show.
Georgian Deputy Economy Minister Genadi Arveladze on Friday said Georgia’s foreign trade turnover in 2022 had reached the “record level”, with the turnover increased by 34 percent and amounting to $19.18 billion, including the increase of export by 32 percent constituting $5.59 billion.