Copper ores, concentrates top export items of Georgia

BAKU, Azerbaijan, Sept.21

By Tamilla Mammadova – Trend:

Copper ores and concentrates reclaimed the first place in the list of top export items from January through August 2020 in Georgia, equaling $462.1 million or 22.3 percent of total exports, Trend reports referring to Georgian National Statistics Office (Geostat).

The exports of motor cars totaled $260.1 million and their share in the total exports amounted to 12.6 percent.

The ferroalloys exports occupied the third-place standing at $145.5 million and constituting 7 percent of the total exports.

The top import commodities in January-August 2020 were motor cars whose imports equaled $481.6 million (9.7 percent of the total imports). The petroleum and petroleum oils followed in the list with $325.1 million or 6.6 percent of imports. The copper ores and concentrates were third in the top import commodity list with $312.1 million (6.3 percent of imports).

The external merchandise trade (excluding non-declared trade) of Georgia amounted to $7.02 billion from January through August 2020, 16.7 percent lower to the same period of 2019. The exports equaled $2.07 billion (14.7 percent lower), while the imports stood at $4.95 billion (17.5 percent lower). The negative trade balance was $2.88 billion from January through August 2020 and its share in external trade turnover constituted 41 percent.

---

Follow the author on Twitter: @Mila61979356