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Georgia’s Trade With EU – January 2018

Georgia is strengthening its trade relations with the European Union (EU), the Commonwealth of Independent States (CIS) and other countries.

Last month, trade turnover with European Union (EU) countries increased by 6.6 percent year-on-year (y/y) and amounted to $211.5 million, shows the preliminary data from the National Statistics Office of Georgia (Geostat).

Exports were worth $64.2 million (21.4 percent higher), while imports reached $147.2 million (1.2 percent higher).

The share of the EU countries in the external trade turnover of Georgia amounted to 25.9 percent – 28.8 percent in exports and 24.8 percent in imports.

Trade with CIS countries

In January 2018, the external trade turnover of Georgia with the Commonwealth of Independent States (CIS) countries totalled $305.2 million – 38.2 percent higher compared to January 2017.

Exports were worth $80.8 million (23.5 percent higher) while imports equalled $224.4 million (44.4 percent higher).

Georgia’s top trading partners in January 2018

Turkey, Russia and Azerbaijan are Georgia’s top trade partners in January 2018, said Geostat.

Last month Georgia’s top 10 trade partners made for 69 percent of the country’s total trade turnover, with Turkey ($112 million), Russia ($94.1 billion) and Azerbaijan ($91.1 million) filling the top three spots.

What are Georgia’s main exports?

Georgia’s top exported commodities in January 2018 were:

  • Copper ores and concentrates (worth $34.1 million, or 15.3 percent of total exports)
  • Ferro-alloys (worth $27.3 million, or 12.3 percent of total exports)
  • Motor cars (worth $15.7 million, or seven percent of total exports)

What are Georgia’s main imports?

Georgia’s top imported commodities were:

  • Petroleum and petroleum oils (worth $57.1 million, or 9.6 percent of total imports)
  • Petroleum gases (worth $48.4 million, or 8.2 percent of total imports)
  • Motor cars (worth $29.8 million or five percent of total imports)

 

Source: http://bit.ly/2odVAaW

 

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