Exports from Georgia to the EU increased by 13% YoY in 2019, and reached $825.7 million, while imports decreased by 7.4%, to $2.32 billion, showed preliminary data from the National Statistics Office of Georgia.
Georgia’s top trading partners were Turkey ($1.82 billion), Russia ($1.47 billion) and China ($1.09 billion) in 2019.
In 2019 the share of the top ten trading partners in Georgia’s total external trade turnover amounted to 66.9%.
The share of the top ten trading partners in total exports of Georgia amounted to 73.3%.
The top export partners were Azerbaijan ($498.7 million), Russia ($497.1 million) and Armenia ($412.2 million).
The share of the top ten trading partners in total imports of Georgia amounted to 65.8%.
The country’s top partners were Turkey ($1.61 billion), Russia ($975.9 million) and China ($858.7 million).
External trade turnover with European Union (EU) countries decreased by 2.8%, to $3.15 billion.
The share of exports to EU countries made for 21.9% of total exports, while the share of imports constituted 25.6% of total imports.
The external trade turnover with the Commonwealth of Independent States (CIS) countries increased by 1.8% and reached $4.44 billion.
Exports came to $2 billion (+20%), while imports sank to $2.44 billion (-9.5%).
The share of exports to CIS countries constituted 53.1% of total exports, while the share of imports equaled 26.9%.
Georgia’s top exported commodities in 2019 were motorcars – $686.7 million (18.2% of total exports), copper ores and concentrates – $651.6 million (17.3%) and ferroalloys – $303 million (8%).
The top import commodities in 2019 were petroleum and petroleum oils – $757 million (8.4%), motorcars – $653.7 million (7.2%) and copper ores and concentrates – $603.7 million (6.7%).
Overall, Georgia’s external trade turnover increased to $12.83 billion (+2.7%) in 2019.
The value of exports increased by 12.4% and reached $3.77 billion, while imports decreased by 0.8%, amounting to $9.06 billion.
The trade deficit of Georgia in 2019 amounted to $5.29 billion, or 41.2% of total trade turnover. (Agenda/Business World Magazine)