...

Georgia increases export of marine mammals, fish fats, oils and their fractions to Turkey

Business Materials 24 January 2021 13:47
Georgia increases export of marine mammals, fish fats, oils and their fractions to Turkey

BAKU, Azerbaijan, Jan. 24

By Tamilla Mammadova – Trend:

Georgia exported 5,604 tons of fats and oils and their fractions of fish or marine mammals, totaling $9.35 million to Turkey in 2020, Trend reports referring to Georgian National Statistics Office (Geostat).

On an annual basis, Georgia increased products' export to Turkey by 2,902 tons.

Over the same period last year, 2,702 tons of fats and oils and their fractions, of fish or marine mammals were exported by Georgia to Turkey for a total amount of $4.3 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.

---

Follow the author on Twitter: @Mila61979356

Tags:
Latest

Latest