Georgia’s Foreign Trade Up 36.6% in January-August
Georgia’s foreign trade turnover of goods amounted to USD 11.9 billion between January-August 2022 – a 36.6% increase as compared to the same period last year, according to the preliminary data released by the National Statistics Office (Geostat) on September 19.
Exports grew by 36.9% to USD 3.57 billion, while imports increased by 36.5% to USD 8.36 billion. The trade deficit between January-August was USD 4.79 billion, amounting to 40.2% of the trade turnover.
Turkey topped the list of Georgia’s largest trading partners by turnover, with USD 1.8 billion, followed by Russia – USD 1.5 billion, China – USD 1.2 billion, Azerbaijan – USD 843.3 million, and the United States – USD 760.4 million.
China was Georgia’s largest trading partner by exports with USD 502.6 million, followed by Azerbaijan – USD 421.5 million, Russia – USD 409.3 million, Turkey – USD 321.5 million, and Armenia – USD 302.4 million.
Turkey, Russia, China, the United States and Azerbaijan were the top trading partners of Georgia in terms of imports, with USD 1.5 billion, USD 1.1 billion, USD 724 million, USD 569.3 million, and USD 421.8 million, respectively.
Copper ores and concentrates led the list of export commodities in January-August 2022 with USD 683.8 million. It was followed by cars – USD 490.9 million; ferroalloys – USD 371.6 million; nitrogenous fertilizers – USD 192.7 million; wine – USD 146.4 million; spirits – USD 91.6 million; electricity – 73.9 million; medicines – USD 67.2 million; natural or artificial mineral waters – USD 66.8 million; precious metal ores and concentrates – USD 59.6 million, and other commodities – USD 1.3 billion.
Cars were first on the list of imports with USD 940.4 million, followed by petroleum oils – USD 872.7million; copper ores and concentrates – USD 531.4 million; medicines – USD 268.5 million; petroleum gases and other gaseous hydrocarbons – USD 261.6 million; telephone sets – USD 171.5 million; automatic data processing machines – USD 126 million; iron, non-alloy steel – USD 75.3 million; cigars and cigarettes – USD 72.4 million; bulldozers, graders, excavators, tamping machines – USD 65.7 million; other commodities — USD 4.97 billion.
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