...

Georgia sees decrease in external merchandise trade

Business Materials 20 January 2021 11:40
Georgia sees decrease in external merchandise trade

BAKU, Azerbaijan, Jan. 20

By Tamilla Mammadova – Trend:

The external merchandise trade (excluding non-declared trade) of Georgia amounted to $11.34 billion in 2020, 14.8 percent lower year-on-year, Trend reports via the National Statistics Office reports (Geostat).

The exports equaled $3.34 billion (12 percent lower), while the imports stood at $8 billion (15.9 percent lower).

The negative trade balance was $4.66 billion in 2020 and its share in external trade turnover constituted 41.1 percent.

In 2020, the share of the top ten trading partners by exports in the total exports of Georgia amounted to 75.9 percent. The top partners were China ($476.3 million), Azerbaijan ($441.3 million), and Russia ($441.1 million).

In the reporting period, the share of the top ten trading partners by imports in the total imports of Georgia amounted to 69.9 percent. The top partners were Turkey ($1.40 billion), Russia ($887.2 million), and China ($708.7 million).

In 2020, the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 70.4 percent. The top trading partners were Turkey ($1.59 billion), Russia ($1.32 billion), and China ($1.18 billion).

---

Follow the author on Twitter: @Mila61979356

Tags:
Latest

Latest