21.Aug .2019 12:22

Georgia has exported $2.1 bn in 2019, Copper is a top export commodity

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In January-July 2019 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 7 065.3 million, 0.2 percent lower year-on-year. The exports equaled USD 2 102.2 million (12.4 percent higher), while the imports stood at USD 4 963.1 million (4.7 percent lower). The negative trade balance was USD 2 860.9 million in January-July 2019 and its share in external trade turnover constituted 40.5 percent. The exports excluding re-exports amounted to USD 1 311.9 million, 1.6 percent higher year-on-year.

In January-July 2019 the exports from Georgia to the EU countries amounted to USD 503.5 million (20.6 percent higher compared to January-July 2018) and constituted 24.0 percent of total exports, while the imports amounted to USD 1 280.2 million (12.6 percent lower) with 25.8 percent in total imports. The external trade turnover of Georgia with the EU countries amounted to USD 1 783.8 million, showing a 5.2 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-July 2019 the exports to the CIS countries stood at USD 1 105.8 million (26.6 percent higher compared to January-July 2018) and reached 52.6 percent of total exports, while the imports equaled USD 1 303.1 million (14.3 percent lower) with 26.3 percent in total import. The trade turnover with the CIS countries totaled USD 2 408.9 million (0.7 percent higher). The CIS countries accounted for 6.9 percent of the overall trade deficit in the corresponding period.

In January-July 2019 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 72.7 percent. The top partners were Russia (USD 303.8 million), Azerbaijan (USD 266.2 million) and Armenia (USD 181.2 million).

In January-July 2019 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 66.0 percent. The top partners were Turkey (USD 864.5 million), China (USD 501.4 million) and Russia (USD 486.3 million).

In January-July 2019 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 66.7 percent. The top trading partners were Turkey (USD 999.6 million), Russia (USD 790.2 million) and Azerbaijan (USD 600.6 million).

In January-July 2019 copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 364.9 million or 17.4 percent of total exports. The exports of motor cars totaled USD 317.3 million and their share in the total exports amounted to 15.1 percent. The ferro-alloys exports occupied the third place standing at USD 195.7 million and constituting 9.3 percent of the total exports.

The top import commodities in January-July 2019 were petroleum and petroleum oils whose imports equaled USD 404.4 million (8.1 percent of the total imports). The motor cars followed in the list with USD 366.9 million, or 7.4 percent of imports. The copper ores and concentrates were third in the top import commodity list with USD 330.1 million (6.7 percent of imports).

Source - Geostat.ge