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Geostat reveals volume of ferroalloys exported from Georgia to Turkey

Business Materials 23 January 2021 17:15
Geostat reveals volume of ferroalloys exported from Georgia to Turkey

BAKU, Azerbaijan, Jan. 23

By Tamilla Mammadova – Trend:

Georgia exported 34,137 tons of ferroalloys to Turkey totaling $32.7 million in 2020, Trend reports referring to National Statistics Office (Geostat).

On an annual basis, Georgia increased the export of ferroalloys to Turkey by 16,422 tons.

Over the same period last year, 17,715 tons of ferroalloys were exported by Georgia to Turkey for a total amount of $18.5 million.

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

In 2020, total imports from Turkey to Georgia amounted to $1.40 billion. In turn, Georgia exported goods worth $190.5 million to Turkey. The foreign trade turnover of Georgia with Turkey in the reporting period exceeded $1.5 billion, which is 14.1 percent of Georgia's total trade turnover.

The external merchandise trade (excluding non-declared trade) of Georgia amounted to $11.34 billion in 2020, 14.8 percent lower year-on-year.

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.

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