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).
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