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External merchandise trade down in Georgia

Business Materials 19 March 2021 15:41 (UTC +04:00)
External merchandise trade down in Georgia

BAKU, Azerbaijan, March 19

Tamilla Mammadova – Trend:

The external merchandise trade (excluding non-declared trade) of Georgia amounted to $1.65 billion from January through February 2021, 12 percent lower than the same period of 2020, Trend reports the National Statistics Office of Georgia (Geostat).

The exports equaled $494.7 million (6.8 percent lower), while the imports stood at $1.15 billion (14.1 percent lower). The negative trade balance was $664.6 million from January through February 2021 and its share in external trade turnover constituted 40.2 percent.

In the reporting period, the share of the top ten trading partners by imports in the total imports of Georgia amounted to 73.6 percent. The top partners were Turkey ($203.3 million), China ($139.9 million) and Russia ($131.6 million).

From January through February 2021 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 77.2 percent. The top partners were Russia ($71.1 million), Azerbaijan ($66.4 million) and China ($53.8 million).

In the reporting period, the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 73.5 percent. The top trading partners were Turkey ($248.5 million), Russia ($202.7 million) and China ($193.7 million).

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