Foreign trade 2020 January-March in Georgia
By Natalia Kochiashvili
Wednesday, April 22
The National Statistics Office of Georgia (Geostat) released the preliminary data of foreign trade in January-March 2020. According to the information, Georgia’s external trade turnover amounted to $2.77 billion in January-March 2020, which is a decrease of 2.7% compared to the same period of last year.
The volume of exports of goods from Georgia amounted to $778.2 million. This figure is 5.9 % lower than the same period last year, while imports also decreased 1.4%, amounting to $1.99 billion.
“The share of domestic exports (export of locally produced goods and services, including those of foreign origin that have been substantially changed through local processing) in total exports constituted 69.3 % and amounted to $539.5 million (-1.7% y/y),” said Geostat.
In the reporting period the share of the top 10 trading partners by domestic exports in the total domestic exports of Georgia amounted to 79.6%.
In the first 3 months of this year, the share of the 10 largest countries in Georgia's total local exports was 79.6 %.
Azerbaijan tops the list of largest trading partners by exports with $121.9 million, followed by China, Russia, Bulgaria and Turkey with $ 99.9 million, $ 91.2 million, $83.5 million and $ 54 million, respectively.
Turkey, Russia, Azerbaijan, China and the United States are the top trading partners of Georgia in terms of imports with USD 348.3 million, USD 210.1 million, USD 184.3 million, $181.4 million and $119.8 million, respectively.
Trade turnover with Turkey reached $402.2 million, $306.2 million with Azerbaijan and $301.4 million with Russia.
According to Geostat, copper ores and concentrates ranked first in the top 10 of local exported commodities in January-March 2020 with $159.0 million (20.4% of total exports), followed by Motor cars - $127.9 million (16.4% of total exports) and ferroalloys - $58.2 million (7.5% of total exports).
Meanwhile, the top import commodities were motor cars - $173.8 million (8.7% of total imports), petroleum and petroleum oils - $150.4 million (7.5% of total imports) and Petroleum gases and other gaseous - $135.5 million (6.8% of total imports).
The trade deficit of Georgia in January-March 2020 amounted to $1.23 billion which is 43.9 %of total trade turnover.
