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Geostat reveals volume of ferroalloys exported by Georgia to Turkey

Business Materials 22 June 2020 10:10 (UTC +04:00)
Geostat reveals volume of ferroalloys exported by Georgia to Turkey

BAKU, Azerbaijan, June 22

By Tamilla Mammadova – Trend:

Georgia exported 18,212 tons of ferroalloys totaling $17.7 million to Turkey from January through May 2020, Trend reports referring to National Statistics Office (Geostat).

On an annualized basis, Georgia increased the export of ferroalloys to Turkey by 9,685 tons.

Over the same period last year, 8,527 tons of ferroalloys were exported by Georgia to Turkey for a total amount of $9.2 million.

During the reporting period, Georgia exported 13,860 tons of semi-finished products of iron or non-alloy steel totaling $5.1 million to Turkey, which is a decrease of 30,991 tons compared to the same period in 2019.

Over the same period last year, 44,851 tons of semi-finished products of iron or non-alloy steel were exported by Georgia to Turkey for a total amount of $17.2 million.

Turkey ranked first in Georgia’s commodity circulation in the reporting period.

From January through May 2020, total imports from Turkey to Georgia amounted to $478.8 million. In turn, Georgia exported goods worth $81.7 million to Turkey.

The foreign trade turnover of Georgia with Turkey in the reporting period exceeded $560.5 million, which is 13.3 percent of Georgia's total trade turnover.

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