BAKU, Azerbaijan, Oct. 25
By Maryana Akhmedova – Trend:
Georgian international trade in September 2021 remained stable, with exports amounting to $373.6 million (increase of 12.8 year-on-year) and imports – to $925.8 million (increase of 23.4 percent year-on-year), Trend reports via Galt & Taggart.
According to the report, the low base and higher world commodity prices boosted imports in 2020, resulting in trade deficit increase by 31.8 percent year-on-year to $552.2 million, which is also up 10.7 percent, compared to September 2019.
TOP-5 exported commodities in September 2021 were copper (32.4 percent down year-on-year), ferro-alloys (46.4 percent up year-on-year), cars (44.9 percent up year-on-year), nuts (24.6 percent up year-on-year) and wine (22 percent up year-on-year), the report said.
The share of the EU countries in total Georgian exports accounted for 14.9 percent (5.9 decrease year-on-year), while 48 percent fell on CIS countries (23.1 increase year-on-year), and 9.7 – on other countries (9.7 percent increase year-on-year), Galt & Taggart said.
TOP-5 imported commodities in September 2021 were copper (decrease of 18.6 percent year-on-year), petroleum (increase of 102.9 percent year-on-year), cars (decrease of 8.1 percent year-on-year), pharmaceuticals (increase of 9.8 percent year-on-year) and automatic data processing machines (increase of 455.7 year-on-year).
Overall, Georgia's trade deficit over first 9 months of 2021 was up by 19.9 percent year-on-year, amounting to $4 billion, as economic recovery and higher world commodity prices boosted imports (up by 21.6 percent year-on-year), while exports were solid (up by 24 percent year-on-year), the report said.
---
Follow the author on Twitter: @mariiiakhm