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Georgia’s external trade decreases

Business Materials 19 July 2019 17:53 (UTC +04:00)

Baku, Azerbaijan, July 19

By Tamilla Mammadova – Trend

Georgia's trade turnover with the European Union (EU) countries decreased by 4.6 percent year-on-year and amounted to $1.51 billion, Trend reports with reference to the National Statistics Office of Georgia.

Exports were worth $426.9 million (up by 16.1 percent), while imports reached $1.08 billion (down by 10.8 percent).

The external trade turnover of Georgia with the Commonwealth of Independent States (CIS) countries totaled $2.03 billion in January-June 2019 – a five percent lower compared to the same period of 2018.

The exports have increased - $916.2 million (by 27.1 percent), while imports reached $1.11 billion (up by 15.6 percent).

Georgia's top exported commodities in January-June 2019 were: copper ores and concentrates (worth $306.6 million, or 17.3 percent of total exports), cars (worth $260.5 million, or 14.7 percent of total exports), ferro-alloys (worth $179.2 million, or 10.1 percent of total exports).

Georgia's top imported commodities were: petroleum and petroleum oils (worth $341.2 million, or 8.1 percent of total imports), cars (worth $308.8 million or 7.4 percent of total imports), copper ores and concentrates (worth $266.8 million, or 6.4 percent of total imports).

Overall, in January-June 2019 Georgia’s external trade decreased by 0.6 percent and reached $5.96 billion.

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