Economy, News

Georgia’s foreign trade shifts toward export

by | Oct 25, 2013

TBILISI, DFWatch–Georgia’s foreign trade turnover fell by a negligible 0.1 percent in the first nine months of 2013, compared to last year, to USD 7 585 million.

USD 2 019 out of this was export, which is 14 percent more than last year, while the import was USD 5 566 million – 4 percent less than in 2012.

The negative trade balance in January-September 2013 was USD 3 548 million, which is 47 percent of the whole turnover.

These are precise figures for foreign trade published by Georgia’s National Statistics Department on Thursday, covering the first nine months of 2013 .

Georgia’s largest trade partners are Turkey – USD 1 079 million, Azerbaijan – USD 958 million and Ukraine – USD 556 million.

Georgia’s top export product remains used cars – USD 512 million, 25 percent of the whole export, followed by ferroalloys – USD 183 million, 9 percent of export and nitrogenous fertilizers – USD 99 million, 5 percent of export.

Oil and oil products is the top imported product category for January-September 2013 with USD 668 million, which is 12 percent of the import.



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