Georgia’s Foreign Trade up 35.3% in January-July

Georgia’s foreign trade turnover in goods amounted to USD 10.2 billion between January-July 2022, a 35.3% increase compared to the same period last year, according to data released by the National Statistics Office of Georgia (Geostat) on 19 August.

Exports grew 36.4% to USD 3.1 billion, while imports rose 34.8% to USD 7.1 billion. The trade deficit between January-July was USD 3.98 billion, amounting to 39.1% of the trade turnover.

Source: Geostat

Turkey topped the list of Georgia’s largest trading partners by turnover, with USD 1.5 billion, followed by Russia — USD 1.2 billion, China — USD 1.1 billion, Azerbaijan — USD 734.7 million, and the United States — USD 659.8 million.

China was Georgia’s largest trading partner by exports with USD 475.6 million, followed by Azerbaijan — USD 351.5 million, Russia — with USD 339.1 million, Turkey — with USD 295.1 million, and Armenia — USD 251.5 million.

Source: Geostat

Turkey, Russia, and China were the top trading partners of Georgia in terms of imports, with USD 1.2 billion, USD 874.9 million, and USD 619 million, respectively, followed by the U.S. with USD 471.8 million, and Azerbaijan with USD 383.2 million.

Copper ores and concentrates led the list of export commodities in January-July 2022 with USD 620.9 million. It was followed by cars — USD 370.8 million, ferroalloys — USD 354.3 million, nitrogenous fertilizers — USD 182.6 million, wine — USD 121.1 million, spirits — USD 76.9 million, electricity — 64.9 million, medicines — USD 58.6 million, natural or artificial mineral waters — USD 55.8 million, t-shirts — USD 51.6 million, and other commodities — USD 1.1 billion.

Cars were first on the list of imports with USD 759.7 million, followed by petroleum oils — USD 718.8 million, copper ores and concentrates — USD 490.9 million, petroleum gases and other gaseous hydrocarbons — 244.7 million, medicines — 234.2 million, telephone sets — 146.1 million, automatic data processing machines — 110.7 million, iron, non-alloy steel — USD 64.6 million, self-propelled machines — 56.8 million, motor vehicles for the transport of goods — USD 53 million, and other commodities — USD 4.2 billion.

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