Economy, News

Georgia’s foreign trade turnover fell 4 % Jan-Apr

by | May 27, 2013

TBILISI, DFWatch–Georgia’s foreign trade turnover in January-April 2013 fell by 4 percent compared to the same period in 2012.

The trade turnover with EU was reduced by 13 percent, while the negative net trade balance with CIS countries went down 57 percent.

Turkey, Azerbaijan and Ukraine are still on the top of the list of Georgia’s trading partners.

These are some of the key figures in Georgia’s National Statistics Department’s precise data about foreign trade turnover of the first four months of 2013.

According to the report, the total trade turnover of Georgia was USD 3 006 million, which is 4 percent less than the same period in 2012.

Out of this, export accounted for USD 785 million – or 8 percent more than in 2012, while import was USD 2 220 million, which is 8 percent less than in 2012.

The trade deficit in first five months was USD 1 435 million, which is 48 percent of the entire foreign trade turnover.

Turnover with EU countries in this period was USD 785 million, which is 13 percent less than last year. Export was USD 130 million and import was USD 655 million. Turnover with the EU countries was 26 percent of the whole foreign trade turnover.

Trade turnover with Commonwealth of the Independent States or CIS countries in the first five months was USD 994 million with USD 430 million of export out of it and USD 564 million of import. Turnover with CIS countries was 33 percent of the total turnover.

Georgia’s top export product is still used cars with USD 202 million or 26 percent of the whole export followed by ferroalloys – USD 88 million, which is 11 percent of the whole export. Nitrogenous fertilizers are third with USD 41 million dollar or 5 percent of the export.

Oil and oil products is the top imported product category of goods with USD 247 million or 11 percent of the entire import in the first five months of 2013. Next are imported cars – USD 214 million or 10 percent of the import, followed by the commodity group petroleum gases and other gaseous hydrocarbons with USD 117 million or 5 percent of the import.



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