Georgian domestic exports up 31.8% in 2022

Georgia has exported locally produced goods worth $5.59 billion in 2022, which is a 31.8 percent increase year-on-year, preliminary data from the National Statistics Office of Georgia show.

Geostat said local exports in the country had accounted for 66.2 percent of total exports in 2022, amounting to $3.70 billion, 18.4 percent higher compared to 2021.

Georgia’s top trading partners were:

• China - $694.8 million
• Russia - $536.1 million
• Bulgaria -$419.9 million

The five largest domestic export goods of Georgia are as follows:

1. Copper ores and concentrates - $1.02 billion (27.7% of total exports)
2. Ferro-alloys - $453.3 million (12.2%)
3. Nitrogenous fertilisers - $281.4 million  (7.6%)
4. Wine from fresh grapes - $251 million  (6.8%)
5. Natural or artificial mineral and aerated waters - $111 million  (3%)

Last year Georgian external trade turnover amounted to $19.04 billion in 2022, posting a 32.8 percent increase year-on-year.

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.

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, Geostat said.