External Trade of Georgia in January-November 2014
Thursday, December 25In January-November 2014 external merchandise trade (excluding non-organized trade) in
Georgia amounted to USD 10358 million (preliminary data), 7 percent higher year-on-year. The exports equaled USD 2628 million (0.5 percent higher), while the imports stood at USD 7730 million (9 percent higher). The negative trade balance was USD 5102 million in January-November 2014 and its share in external trade turnover constituted 49 percent.
In January-November 2014 the external trade of Georgia with the EU countries amounted to USD 2704 million, up by 4 percent compared to the corresponding indicator of the previous year.
Exports amounted to USD 563 million (5 percent higher), while import amounted to USD 2141 million (4 percent higher). The share of these countries in the external trade of Georgia amounted to 26 percent, 21 percent in exports and 28 percent in imports (in January-November 2013 27, 21 and 29 percent correspondingly). 31 percent of the trade deficit came to the EU countries (34 percent in January-November 2013).
In January-November 2014 the external trade of Georgia with the CIS countries totaled USD
3236 million (lower by 4 percent compared to January-November 2013). Exports stood at USD 1365 million (7 percent lower), while imports equaled USD 1871 million (2 percent lower). The share of the CIS countries in the external trade of Georgia constituted 31 percent, 52 percent in exports and 24 percent in imports (In January-November 2013 35, 56 and 27 percent, respectively). In January-November 2014, compared to the corresponding period of the previous year, CIS countries accounted for 10 percent of the overall trade deficit (10 percent in January-November 2013).
In January-November 2014 share of the top ten trading partners in the total external trade turnover of Georgia amounted to 68 percent. The top trading partners were Turkey (USD 1775 million), Azerbaijan (USD 1077 million) and Russia (USD 752 million).
Major commodity groups by exports and imports
In January-November 2014 motor cars reclaimed the first place in the list of top export items, equaling USD 493 million, or 19 percent of total exports. Exports of ferroalloys totaled USD 261 million, and its share in the total exports amounted to 10 percent. Copper ores and concentrates occupied the third place. Exports of this commodity group stood at USD 229 million and 9 percent of the total exports.
The top import commodity in January-November 2014 was Petroleum and petroleum oils, imports of which amounted to USD 834 million and 11 percent of the total imports. Motor cars commodity group followed in the list with USD 655 million, or 9 percent of imports. Petroleum gases and other gaseous came third with USD 313 million (4 percent of imports). (Geostat)