...

Review of gold exports from Georgia

Business Materials 11 January 2020 13:01 (UTC +04:00)

BAKU, Azerbaijan, Jan. 11

By Tamilla Mammadova – Trend:

Some 2.4 tons of processed and semi-processed gold were exported from Georgia from January through November 2019, Trend reports citing the Georgian National Statistical Office (Geostat).

During the reporting period, Georgia received $67 million from gold export.

The main export market for gold from Georgia is Switzerland, where gold worth $59.5 million was exported.

Georgia exported gold worth $6.1 million to the United Arab Emirates, and gold worth $1.5 million to Turkey.

TOP-5 gold exporting companies from Georgia include Rico-Credit Ltd, Micro Finance Organization Rico Express LLC, RMG Gold, Avaza Ltd, Libra Ltd.

In 2018, the share of processed and semi-processed gold in the total export volume amounted to 2.1 percent. Over the year, gold worth about $70 million was exported from the country.

Gold in Georgia is produced at a plant in the village of Kazreti (Kvemo Kartli region) of the Madneuli Mine and Processing complex. This precious metal is among the top ten export products of Georgia.

---

Follow the author on Twitter: @Mila61979356

Tags:
Latest

Latest