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Georgia's import of tubes, pipes, hollow profiles from Turkey increases

Business Materials 25 December 2020 09:51 (UTC +04:00)
Georgia's import of tubes, pipes, hollow profiles from Turkey increases

BAKU, Azerbaijan, December 24

By Tamilla Mammadova – Trend:

Turkey exported 63,029 tons of tubes, pipes, and hollow profiles, made of iron or steel totaling $39.7 million to Georgia from January through November 2020, Trend reports referring to National Statistics Office (Geostat).

On an annual basis, Georgia increased the import of tubes, pipes, and hollow profiles, iron, or steel from Turkey by 10,285 tons.

Over the same period last year, 52,744 tons of tubes, pipes, and hollow profiles, made of iron or steel were exported by Turkey to Georgia for a total amount of $38.2 million.

During the reporting period, Turkey exported 21,548 tons of iron or steel structures and parts of structures totaling $31.9 million to Georgia, a decrease of 2,737 tons compared to the same period in 2019.

Over the same period last year, 24,285 tons of structures and parts of structures of iron or steel were exported by Turkey to Georgia for a total amount of $39 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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