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Georgia increases export of copper ores to China

Business Materials 20 November 2019 21:30

BAKU, Azerbaijan, November 19

By Tamilla Mammadova – Trend:

China ranks third in Georgia’s commodity circulation, Trend reports referring to the Georgian National Statistics Office (Geostat).

From January through October 2019 the foreign trade turnover between Georgia and China amounted to more than $871.7 million, which is 8.4 percent of the total trade turnover of Georgia.

During the reporting period, Georgia exported products worth $150.5 million to the Chinese market, which is 5 percent of total exports.

Meanwhile, China exported products worth $721.2 million to the Georgian market, which is 9.8 percent of total exports.

Georgia exported 66,051 tons of copper ores to China in a total amount of $108.9 million, which is 1.54 times more compared the same period last year.

On an annualized basis, Georgia exported 4,251 tons of wine of fresh grapes worth $15.4 million to China. Over the same period last year, 3,873 tons of wine totaling $15.4 million was exported from Georgia to China.

Meanwhile, 62 tons instruments and appliances used in medicine worth 11.1 million were exported from Georgia to China. This is 9,8 tons more compared the same period last year.

During the reporting period, Georgia exported 1,282 tons ginger, saffron, turmeric, thyme, bay leaves, curry and other spices in the amount of $2.4 million to China. During 10 month of 2018, export of spirituous beverages from Georgia to China amounted to 52,9 tons totaling $107,600.

At the same time China imported 728.9 tons of hazelnuts and other nuts worth $2.4 million from Georgia. This is 490 tons more compared the same period last year.

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