Used cars remains Georgia’s biggest export product

(Source: GeoStat.)

TBILISI, DFWatch–Georgia’s foreign trade turnover in the first three months of 2013 was USD 2 144 million. This is five percent less than in the preceding period, according to a new report by Georgia’s National Statistics Department, Geostat.

Export amounted to USD 565 million and USD 1 579 of the turnover was import.

The negative trade balance in January-March 2013 was USD 1 013, which is 47 percent of the total turnover. The trade deficit was reduced compared to 2012, when it was – USD 1 188.

Georgia’s top trading partners are: Turkey with USD 306 million, Azerbaijan – USD 297 million and Ukraine – USD 157 million, followed by China, Russia, Germany, US, Armenia, Romania and Bulgaria.

Used cars remains Georgia’s number one export product with USD 140 million, which is 25 percent of the total export. This is followed by ferro-alloys – USD 68 million (12 percent) and nitrogenous fertilizers – USD 36 million (6 percent).