...

Georgia cuts knitwear exports to Turkey

Business Materials 25 January 2020 13:44 (UTC +04:00)
Georgia cuts knitwear exports to Turkey

BAKU, Azerbaijan, Jan.25

By Tamilla Mammadova – Trend:

Georgia exported 1,783 tons knitted goods to Turkey for a total amount of $37.8 million in 2019, Trend reports referring to the Georgian National Statistics Office (Geostat).

On an annualized basis, Georgia reduced the export of knitwear by $2.7 million.

In 2018, 1,752 tons knitted goods totaling $40.5 million were exported from Georgia to Turkey.

In 2019, Georgia exported 633 tons of men's suits to Turkey for a total amount of $13.6 million.

On an annualized basis, Georgia increased the export of men's suits by $2.6 million. In 2018, 534 tons of men's suits were exported from Georgia to the country for a total of $11 million.

Turkey ranks first in Georgia’s commodity circulation.

In 2019, total imports to Georgia from Turkey amounted to $1.6 billion. In turn, Georgia exported goods worth $202.3 million to Turkey.

The foreign trade turnover of Georgia with Turkey in 2019 exceeded $1.8 billion, which is 14.1 percent of the total trade turnover of Georgia.

In 2019, the external merchandise trade (excluding non-declared trade) of Georgia amounted to $12.8 billion, 2.7 percent higher year-on-year.

The exports equaled $3.7 billion (12.4 percent higher), while the imports stood at $9.1 billion (0.8 percent lower).

---

Follow the author on Twitter: @Mila61979356

Tags:
Latest

Latest