Georgia’s Foreign Trade Up 14.7% in January-November 2023

On December 19, the National Statistics Service of Georgia (Geostat) published preliminary data indicating that in January-November 2023, Georgia’s foreign trade increased by 14.7% compared to the same period of 2022, totaling $19.6 billion in value.

In January-November 2023, exports from Georgia increased by 11.1% to $5.6 billion, while imports rose by 16.1% to $14 billion. As a result, the country’s negative trade balance was $8.4 billion, representing 43.1% of its foreign trade turnover.

In the same period, Turkey was Georgia’s largest trade partner with $2.7 billion in trade volume, followed by Russia with $2.2 billion, United States with $1.85 billion, China with $1.5 billion, and Azerbaijan with $1.37 billion.

During the reporting period, Azerbaijan was Georgia’s largest trade partner in exports with $788 million, followed by Armenia with $711 million, Kazakhstan with $649 million, Kyrgyzstan with $628 million, and Russia with $605 million.

In terms of imports, Georgia’s largest trading partners were Turkey with $2.3 billion, the United States with $1.77 billion, Russia with $1.59 billion, China with $1.24 billion, and Germany with $864 million.

In January-November 2023, the largest commodity groups in exports were led by motor cars – $1.95 billion. Then come: copper ores and concentrates – $472 million US dollars; wine of fresh grapes – $240 million; spirituous beverages – $177 million; ferro-alloys – $148 million; nitrogenous fertilizers – $147 million; natural or artificial mineral and aerated waters, not containing added sugar – $122 million; medicaments put up in measured doses – $109 million; mineral and aerated waters, containing added sugar – $103.5 million; electrical energy – $103.3 million; other commodities – $2 billion.

As for imports, the major commodity groups here are motor cars – $2.88 billion; petroleum and petroleum oils – $1.05 billion; medicaments put up in measured doses – $489 million; petroleum gases and other gaseous hydrocarbons – $388 million; telephone sets and apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks) – $331 million; copper ores and concentrates – $230 million; motor vehicles for the transport of goods – $154 million; automatic data processing machines and units thereof – $50 million; cigars, cheroots, cigarillos, and cigarettes – $141 million; tractors – $126 million; other commodities – $8.08 billion.

Also Read:

• 13/12/2023 – Georgia’s Foreign Trade Up 14.7% in January-November 2023
• 13/11/2023 – Georgia’s Foreign Trade Up 16.2% in January-October 2023
• 19/10/2023 – Georgia’s Foreign Trade Up 16.5% in January-September 2023
• 13/10/2023 – Georgia’s Foreign Trade Up 16.6% in January-September 2023
• 19/09/2023 – Georgia’s Foreign Trade Up 16.8% in January-August 2023
• 13/09/2023 – Georgia’s Foreign Trade Up 16.8% in January-August 2023

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