BAKU, Azerbaijan, Jan. 26
By Tamilla Mammadova – Trend:
The Domestic Producer Price Index for Industrial Products (DPPI) increased by 1.4 percent in December 2020 in Georgia compared to the previous month, Trend reports citing the Georgian National Statistics Office (Geostat).
In the mentioned period the prices for manufactured products were 1.9 percent higher.
Compared to December 2019 the DPPI increased by 10.6 percent.
The prices went up for manufactured products by 13.1 percent, for products from electricity, gas, steam, and air conditioning by 1.9 percent, and for products from mining and quarrying by 6.1 percent.
Share of domestic exports in total exports of Georgia constituted 72 percent and amounted to $2.40 billion in 2020, 3.5 percent higher year-on-year.
Domestic exports include the export of goods produced in the country, as well as imported from abroad, the value of which has significantly changed as a result of domestic processing.
In 2020, the exports of Georgia (excluding non-declared exports) equaled $3.34 billion, 12 percent lower year-on-year.
In the reporting period, the share of the top ten trading partners by domestic exports in the total domestic exports of Georgia amounted to 78.6 percent. The top partners were China ($459.4 million), Russia ($401.2 million), and Bulgaria ($310.4 million).
In 2020, copper ores and concentrates reclaimed first place in the list of top export items, equaling $729.4 million, or 30.3 percent of total exports.
The exports of ferroalloys totaled $246.8 million and their share in the total exports amounted to 10.3 percent. The exports of the wine of fresh grapes occupied the third-place standing at $209 million and constituting 8.7 percent of total exports.
---
Follow the author on Twitter: @Mila61979356