Georgia’s external trade up 15% in January-May
Tuesday, June 20Turkey, Russia and Azerbaijan are Georgia’s top trade partners this year, shows preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s top 10 trade partners in January-May 2017 made for 65.8 percent of the country’s total trade turnover, with Turkey ($591.1 million), Russia ($430.5 million) and Azerbaijan ($316.3 million) filling the top three spots.
Trade with EU countries
Trade turnover with European Union (EU) countries increased by 15.3 percent year-on-year (y/y) and amounted to $1090.5 million, said Geostat.
Exports were worth $260million (40.7 percent higher), while imports reached $830.4 million (9.1 percent higher).
Trade with CIS countries
The external trade turnover of Georgia with the Commonwealth of Independent States (CIS) countries totalled $1285.1 million in January-May 2017 – a 36 percent higher compared to the same period of 2016.
Exports were worth $383.4 million (62.7 percent higher) while imports equalled $901.8 million (27.2 percent higher).
What are Georgia's main exports?
Georgia's top exported commodities in January-May 2017 were:
• Copper ores and concentrates (worth $170.1 million, or 17 percent of total exports)
• Ferro-alloys (worth $123.6 million, or 12.3 percent of total exports)
• Motor cars (worth $67.7 million, or 6.8 percent of total exports)
What are Georgia's main imports?
Georgia's top imported commodities were:
• Petroleum and petroleum oils (worth $238.3 million, or 8.1 percent of total imports)
• Motor cars (worth $185.2 million or 6.3 percent of total imports)
• Petroleum gases and other gaseous hydrocarbons (worth $169.7 million, or 5.8 percent of total imports)
• More about External Trade of Georgia can be found here.