External merchandise trade of Georgia exceeds $7M
Baku, Azerbaijan, August 19
By Tamilla Mammadova – Trend:
The external merchandise trade (excluding non-declared trade) of Georgia amounted to $7,065.3 million in January-July 2019, which 0.2 percent lower year-on-year, Trend reports referring to Georgian National Statistics Office (Geostat).
The exports equaled $2,102.2 million (12.4 percent higher), while the imports stood at $4,963.1 million (4.7 percent lower). In first half of 2019, the negative trade balance was $2,860.9 million and its share in external trade turnover constituted 40.5 percent. The exports excluding re-exports amounted to $1,311.9 million, 1.6 percent higher year-on-year.
For the reporting period, the share of the top ten trading partners by imports in the total imports of Georgia amounted to 66 percent. The top partners were Turkey ($864.5 million), China ($501.4 million) and Russia ($486.3 million).
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 ($303.8 million) and Azerbaijan ($266.2 million).
During this period, 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 ( $999.6 million), Russia ($790.2 million) and Azerbaijan ($600.6 million).