21.Jul.2019 12:47
Economy

Georgia has exported $1.77 bn in 2019, Copper is a top export commodity

Georgia has exported $1.77 bn in 2019, Copper is a top export commodity
In January-June 2019 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 5 968.3 million, 0.6 percent lower year-on-year. The exports equaled USD 1 775.4 million (11.5 percent higher), while the imports stood at USD 4 192.9 million (4.9 percent lower). The negative trade balance was USD 2 417.4 million in January-June 2019 and its share in external trade turnover constituted 40.5 percent. The exports excluding re-exports amounted to USD 1 123.8 million, 0.8 percent higher year-on-year.

In January-June 2019 the exports from Georgia to the EU countries amounted to USD 426.9 million (16.1 percent higher compared to January-June 2018) and constituted 24.0 percent of total exports, while the imports amounted to USD 1 084.9 million (10.8 percent lower) with 25.9 percent in total imports. The external trade turnover of Georgia with the EU countries amounted to USD 1 511.8 million, showing a 4.6 percent decrease compared to the corresponding indicator of the
previous year. The EU countries accounted for 27.2 percent of the trade deficit.

In January-June 2019 the exports to the CIS countries stood at USD 916.2 million (27.1 percent higher compared to January-June 2018) and reached 51.6 percent of total exports, while the imports equaled USD 1 116.7 million (15.6 percent lower) with 26.6 percent in total import. The trade turnover with the CIS countries totaled USD 2 032.9 million (0.5 percent lower). The CIS countries accounted for 8.3 percent of the overall trade deficit in the corresponding period.

In January-June 2019 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 73.4 percent. The top partners were Russia (USD 261.3 million), Azerbaijan (USD 211.3 million) and Bulgaria (USD 149.1 million).

Copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 306.6 million or 17.3 percent of total exports. The exports of motor cars totaled USD 260.5 million and their share in the total exports amounted to 14.7 percent. The ferro-alloys exports occupied the third place standing at USD 179.2 million and constituting 10.1 percent of the total exports.

The top import commodities in January-June 2019 were petroleum and petroleum oils whose imports equaled USD 341.2 million (8.1 percent of the total imports). The motor cars followed in the list with USD 308.8 million, or 7.4 percent of imports. The copper ores and concentrates were third in the top import commodity list with USD 266.8 million (6.4 percent of imports).

Source - Geostat



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