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Georgia’s Foreign Trade in 2019

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Georgia’s foreign trade turnover increased by 2.7% in 2019 year-on-year, reaching USD 12.8 billion, according to the preliminary figures released by the National Statistics Office of Georgia (Geostat) on January 20.

Exports from Georgia increased by 12.4% y/y to USD 3.8 billion, while imports decreased by 0.8% y/y to 9.1 billion. The trade gap stood at USD 5.3 billion.

Trade turnover with the European Union (EU) member states stood at USD 3.1 billion, which is a 2.8% decrease compared to 2018. Exports from Georgia to the EU-member states increased by 13% y/y to USD 825.7 million, while imports constituted USD 2.3 billion, which is 7.4% lower than in 2018.

Trade turnover with the Commonwealth of Independent States (CIS) increased by 1.8% y/y to USD 4.4 billion. Georgia’s exports to CIS countries were up by 20% y/y to USD 2 billion, and imports were down by 9.5% to USD 2.4 billion.

Turkey remains Georgia’s largest trading partner with USD 1.8 billion in 2019, followed by Russia, China, Azerbaijan and Armenia with USD 1.5 billion, USD 1.1 billion, USD 1.1 million and USD 679.7 million, respectively.

They are followed by Ukraine with trade turnover of USD 659.5 million; United States – USD 521.9 million; Germany – USD 497.4 million; Bulgaria – USD 408.2 million and Romania – USD 390.2 million.

Azerbaijan tops the list of largest trading partners by exports with USD 498.7 million, followed by Russia, Armenia, Bulgaria and Ukraine with USD 497.1 million, USD 412.2 million, USD 284.2 million and USD 244.7 million, respectively.

Turkey, Russia, China, Azerbaijan and Germany are the top trading partners of Georgia in terms of imports with USD 1.6 billion, USD 975.9 million, USD 858.7 million, USD 559.1 million and USD 443 million, respectively.

Re-export of cars is on top of the list of export commodities with USD 686.7 million, followed by copper ores and concentrates with – USD 651.6 million; ferroalloys – USD 303 million; wine – USD 222.9 million; medicines – USD 172.5 million; mineral waters – USD 133.6 million; spirits – USD 129.3 million; nitrogen fertilizers – USD 94.9 million; gold – USD 72.8 million; nuts – USD 66.7 million; other commodities – USD 1.2 billion.

Petroleum and petroleum oils are on top of the list of import commodities in Georgia’s foreign trade with USD 757 million, followed by cars – USD 653.7 million; copper ores and concentrates – USD 603.7 million; medicines – USD 355.4 million; petroleum gases – USD 328.5 million; mobile phones – USD 212 million; wheat – USD 105.1 million; cigarettes – USD 104.8 million; new tires – USD 90.9 million; electricity – USD 78.3 million; other commodities – USD 5.8 billion.

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This post is also available in: ქართული (Georgian) Русский (Russian)

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