Precise data confirm 2% drop in foreign trade turnover Jan-Jul

Precise data from Georgian Statistics Department (GeoStat) show that Georgia’s foreign trade turnover in the first seven months of 2013 was two percent less than in 2012.

The total amount of foreign trade turnover in January-July 2013 was USD 5 662 million. USD 1 476 of this was export, which is 9 percent more than in 2013, while import was USD 4 186, five percent less than in 2012.

The negative net balance in the first seven months of 2013 was USD 2 710 million, which is 48 percent of the total foreign trade turnover.

Georgia’s trade turnover with EU countries in the first seven months fell by six percent to USD 1 491 million. Trade turnover with members of the Commonwealth of Independent States (CIS) grew by six percent compared to 2012 and was USD 1 883.

Georgia’s top trade partners are Turkey – USD 830 million, Azerbaijan – USD 715 million and Ukraine – USD 411 million, followed by China, Russia, Germany, Armenia, US, Bulgaria and Italy.

The top export product remained used cars with USD 387 million, which is 26 percent of all the export. It was followed by ferroalloys with USD 143 million – 10 percent of total export; and copper ores and concentrates with USD 70 million – 5 percent of the export.

Top import products are oil and oil products with USD 472 million (11 percent of import); used cars with USD 409 million (10 percent of import) and oil and gas gaseous hydrocarbon commodity group with USD 158 million (4 percent of import). (Freedom & Democracy Watch)