Georgia’s foreign trade turnover in the first ten months of 2019 increased by 0.5%, compared to the same period last year, amounting to USD 10.4 billion, according to the preliminary figures released by the National Statistics Office, Geostat, on November 19.
Exports from Georgia were up by 10.4% year-on-year to USD 3 billion, and imports were down by 3.1% y/y to USD 7.3 billion in January-October. The trade gap stood at USD 4.3 billion.
Trade turnover with the European Union (EU) member states stood at USD 2.6 billion, which is a 3.8% decrease over the same period of last year. Exports from Georgia to the EU-member states increased by 14.2% y/y to USD 685.2 million, while imports constituted USD 1.9 billion, which is 9% lower than last year.
Trade turnover with the Commonwealth of Independent States (CIS) increased by 0.6% y/y to USD 3.5 billion. Georgia’s exports to CIS countries were up by 22.5% y/y to USD 1.6 billion, and imports decreased by 12.5% to USD 1.9 billion.
Turkey remains Georgia’s largest trading partner with USD 1.5 billion in January-October of 2019, followed by Russia, China, Azerbaijan and Armenia with USD 1.2 billion, USD 871.8 million, USD 827.8 million and USD 534.6 million, respectively.
They are followed by Ukraine with trade turnover of USD 522 million; United States – USD 426.1 million; Germany – USD 402.1 million; Bulgaria – USD 333.7 million and Romania – USD 331.9 million.
Russia tops the list of largest trading partners by exports with USD 409.8 million, followed by Azerbaijan, Armenia, Bulgaria and Ukraine with USD 400.4 million, USD 310.4 million, USD 229.5 million and USD 201.5 million, respectively.
Turkey, Russia, China, Azerbaijan and Germany are the top trading partners of Georgia in terms of imports with USD 1.3 billion, USD 774.2 million, USD 721.2 million, USD 427.5 million and USD 356.7 million, respectively.
Copper ores and concentrates are on top of the list of export commodities with USD 528.5 million, followed by re-export of cars – USD 522.5 million; ferroalloys – USD 251.7 million; wine – USD 177.4 million; medicines – USD 149 million; mineral waters – USD 111.7 million; spirits – USD 97 million; nitrogen fertilizers – USD 74.7 million; gold – USD 59.4 million; cigarettes – USD 49.9 million; other commodities – USD 1 billion.
Petroleum and petroleum oils are on top of the list of import commodities in Georgia’s foreign trade with USD 616.2 million, followed by cars – USD 529.5 million; copper ores and concentrates – USD 497.5 million; medicines – USD 290.7 million; petroleum gases – USD 242.9 million; mobile phones – USD 161.7 million; wheat – USD 83.9 million; cigarettes – USD 76.5 million; new tires – USD 76.1 million; bulldozers – USD 60.8 million; other commodities – USD 4.7 billion.