The National Statistics Office of Georgia (GEOSTAT) published a report on the external merchandise trade of Georgia in January 2020.
GEOSTAT publishes external merchandise trade of Georgia in January 2020s
By Nika Gamtsemlidze
Thursday, February 27
According to the study, in January 2020, the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 882.5 million, 5.7 percent higher to the same month of 2019. The exports equaled USD 262.6 million (10.0 percent higher), while the imports stood at USD 619.8 million (4.0 percent higher). The negative trade balance was USD 357.2 million in January 2020 and its share in external trade turnover constituted 40.5 percent.
In January 2020, the share of the top ten trading partners by exports in the total exports of Georgia amounted to 82.8 percent. The top partners were China (USD 44.4 million), Azerbaijan (USD 44.0 million), and Russia (USD 33.4 million).
As the report reads, in January 2020, the share of the top ten trading partners by imports in the total imports of Georgia amounted to 70.4 percent. The top partners were Turkey (USD 97.2 million), Russia (USD 72.6 million), and China (USD 65.0 million).
According to the report, in January 2020 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 72.2 percent. The top trading partners were Turkey (USD 117.1 million), China (USD 109.4 million), and Russia (USD 106.0 million).
Motor cars reclaimed the first place in the list of top export items, equaling USD 51.8 million or 19.7 percent of total exports in January. The exports of copper ores and concentrates totaled USD 49.4 million and their share in the total exports amounted to 18.8 percent. The Precious metal ores and concentrates exports occupied the third-place standing at USD 16.0 million and constituting 6.1 percent of the total exports.
The top import commodities during the period were Petroleum gases and other gaseous whose imports equaled USD 56.8 million (9.2 percent of the total imports). The petroleum and petroleum oils followed in the list with USD 51.6 million or 8.3 percent of imports. The motor cars were third in the top import commodity list with USD 50.0 million (8.1 percent of imports).
The National Statistics Office of Georgia, the legal entity of public law, works independently. It is an institution established to produce the statistics and disseminate the statistical information according to the Georgian legislation.
Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP.