Economy, News

Georgia’s foreign trade up 18% in Q1 – precise data

by | Apr 25, 2014
Rustavi_car_market_-_rustavi.ge_Cropped

More than a fifth of Georgia’s export is used cars. (Rustavi.ge.)

TBILISI, DFWatch–Georgia’s foreign trade turnover in the first three months of 2014 was USD 2,523 million, according to precise data from the National Statistics Department, GeoStat, published on Thursday.

This is 18 percent more than it was in same period last year.

USD 696 million of this was export, 23 percent more than last year, while USD 1,827 million was import, 16 percent more than in 2013.

The trade deficit in the first quarter of 2014 was SD 1,131 million, which is 45 percent of the foreign trade turnover.

Georgia’s trade turnover with EU countries in the first three months was USD 635 million, which is 15 percent more than last year. USD 141 million was export – a 45 percent rise – and USD 494 million was import – up 9 percent since the previous year.

Trade turnover with countries within the Commonwealth of Independent States (CSI) was USD 893 million, which is 24 percent more than in 2013. USD 391 million was export – 31 percent more – and USD 501 million was import – nine percent more than the same period in 2013.


Georgia’s top trade partners were Turkey with USD 368,403,100 or 14.6 percent of the foreign trade turnover, followed by Azerbaijan with USD 319,752,200 or 12.7 percent, and Russia with USD 190,299,300 or 7.5 percent. The other top trading partners are Ukraine, China, Armenia, Germany, the US, Bulgaria and Japan.

The top export products were used cars with USD 152 million or 22 percent of total export; ferroalloys with USD 70 million or 10 percent and third, copper ores and concentrates with USD 51 million or 7 percent of all export.

The top import products were, number one, oil and oil products with USD 190 million or 10 percent of import; used cars with USD 150 million or 8 percent of import, and petroleum gases and gaseous hydrocarbons with USD 128 million or 7 percent of the total import in the first quarter.



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