Economy, News

Foreign trade growth confirmed Jan-Apr ’14

by | May 24, 2014
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(DF Watch photo.)

TBILISI, DFWatch–Georgia’s foreign trade turnover in the first four months of 2014 was USD 3,441 million, which is 14 percent more than in the same period last year.

According to precise figures published by the National Statistics Department on Friday, export was USD 933 million, 19 percent more than last year, while import was USD 2,508 million, 13 percent more than in January through April, 2013.

The negative trade balance was USD 1,576 million, which is 46 percent of the total foreign trade turnover.


The trade turnover with EU countries was USD 897 million in the measured period, which is 14 percent higher than in 2013. Export to those countries was USD 194 million and import from them was USD 703 million.

The amount of trade turnover with members of the Commonwealth of Independent States (CIS) was USD 1,169 million, which is 19 percent more than last year. Export was USD 510 million, while import was USD 659 million.

Georgia top trade partners are: Turkey (15.1 % of turnover), Azerbaijan (11.4 %), Russia (7.3 %), China (6.6 %)and Ukraine (6.6 %). Other important trade partners are Armenia, Germany, the United States, Bulgaria and Japan.

Used cars is Georgia’s top export product and accounts for USD 194 million (21 %), followed by ferroalloys USD 102 million (11 %), and copper ores and concentrates USD 82 million (9 %).

The top import products are oil and oil products, USD 241 million (10 %), followed by used cars, USD 200 million (8 %) and petroleum gases and gaseous hydrocarbons USD 149 million (6 %).



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