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Georgia’s Foreign Trade in January-April 2019

Georgia’s foreign trade turnover in the first four months of 2019 increased by 2.3%, compared to the same period last year, amounting to USD 3.86 billion, according to the preliminary figures released by the National Statistics Office, Geostat, on May 20.

Exports from Georgia were up by 17.9% year-on-year to USD 1.13 billion, and imports were down by 3.1% y/y to USD 2.73 billion in January-April. The trade gap stood at USD 1.59 billion.

Trade turnover with the European Union (EU) member states stood at USD 985.9 million, which is a 8.2% decrease over the same period of last year. Exports from Georgia to the EU-member states increased by 14.3% y/y to USD 276.2 million, while imports constituted USD 709.7 million, which is 14.7% lower than last year.

Trade turnover with the Commonwealth of Independent States (CIS) increased by 3.3% y/y to USD 1.35 billion. Georgia’s exports to CIS countries were up by 34.1% y/y to USD 576.5 million and imports decreased by 11.8% to USD 773.4 million.

Turkey remains Georgia’s largest trading partner with USD 525.1 million in January-April of 2019, followed by Russia, Azerbaijan, China and Ukraine with USD 446.6 million, USD 362.1 million, USD 317.8 million and USD 194 million, respectively.

They are followed by Armenia with trade turnover of USD 176.5 million; United States – USD 165 million; Germany – USD 158.5 million; Bulgaria – USD 148.8 million; Romania – USD 119.4 million.

Russia tops the list of largest trading partners by exports with USD 177.5 million, followed by Azerbaijan, Bulgaria, Armenia and Ukraine with USD 126.3 million, USD 109 million, USD 86.2 million and USD 84.6 million, respectively.

Turkey, China, Russia, Azerbaijan and Germany are the top trading partners of Georgia in terms of imports with USD 447 million, USD 273.5 million, USD 269.1 million, USD 235.8 million and USD 137.6 million, respectively.

Copper ores and concentrates are on top of the list of export commodities with USD 195.3 million, followed by re-export of cars – USD 149.3 million; ferroalloys – USD 117.3 million; medicines – USD 72.8 million; wine – USD 63.5 million; nitrogen fertilizers – USD 43.7 million; mineral waters – USD 40.9 million; spirits – USD 32.4 million; cigarettes – USD 25.4 million; gold – USD 21.3 million; other commodities – USD 371.6 million.

Petroleum and petroleum oils are on top of the list of import commodities with USD 211.4 million, followed by copper ores and concentrates – USD 194.5 million; cars – USD 180.2 million; petroleum gases – USD 156.2 million; medicines – USD 120.3 million; mobile and other wireless phones – USD 51.3 million; wheat – USD 32.6 million; tires – USD 27.3 million; electricity – USD 27.1 million; other commodities – USD 1.7 billion.

This post is also available in: Georgian Russian

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