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Georgia increases import of vehicles from Turkey

Business Materials 25 December 2020 09:36 (UTC +04:00)

BAKU, Azerbaijan, December 24

By Tamilla Mammadova – Trend:

Georgia imported 550 units of motor vehicles for the transport of ten or more persons from Turkey totaling $36.2 million from January through November 2020, Trend reports referring to National Statistics Office (Geostat).

On an annual basis, Georgia increased the import of motor vehicles from Turkey by 42 units.

Over the same period last year, 508 units of vehicles were imported by Georgia from Turkey for a total amount of $20.2 million.

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

From January through November 2020, total imports from Turkey to Georgia amounted to $1.25 billion. In turn, Georgia exported goods worth $171.4 million to Turkey.

The foreign trade turnover of Georgia with Turkey in the reporting period exceeded $1.42 billion, which is 14 percent of Georgia's total trade turnover.

The external merchandise trade (excluding non-declared trade) of Georgia amounted to $10.20 billion from January through November 2020, 14.6 percent lower than the same period of 2019.

The exports equaled $3.01 billion (11.3 percent lower), while the imports stood at $7.18 billion (15.9 percent lower). The negative trade balance was $4.16 billion from January through November 2020 and its share in external trade turnover constituted 40.9 percent.

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