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Georgia reduces imports of petroleum products

Oil&Gas Materials 20 July 2020 19:30
Georgia reduces imports of petroleum products

BAKU, Azerbaijan, July 20

By Tamilla Mammadova – Trend:

In the first half of this year, Georgia purchased oil and oil products worth $232 million, Trend reports with reference to National Statistics Office of Georgia (Geostat).

The share of oil and oil products in Georgia's total imports amounted to 6.5 percent. Compared to the same period last year, Georgia reduced imports of these products by 32.1 percent.

In January-June 2020, Georgia imported natural gas worth $158 million, which is 11.7 percent less than a year earlier.

The external merchandise trade (excluding non-declared trade) of Georgia amounted to $5.05 billion from January through June 2020, showing an 18.2-percent decrease compared to the same period of 2019.

The exports from the country equaled $1.50 billion (16-percent decrease), while the imports stood at $3.55 billion (decrease by 19.1).

In 1H2020, the negative trade balance was $2.04 billion, and its share in external trade turnover constituted 40.5 percent.

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