Azerbaijan, Russia and Armenia are Georgia’s top trading partners by export

Georgia’s top trading partners by export were Azerbaijan (USD 498.7 million), Russia (USD 497.1 million) and Armenia (USD 412.2 million), according to the 2019 data provided by the Georgian National Statistics Office (Geostat).

According to Geostat, in 2019, the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 12 834.7 million, 2.7 percent higher year-on-year. The exports equaled USD 3 771.5 million (12.4 percent higher), while the imports stood at USD 9 063.2 million (0.8 percent lower). The negative trade balance was USD 5 291.8 million in 2019 and its share in external trade turnover constituted 41.2 percent. The exports excluding re-exports amounted to USD 2 352.3 million, 5.7 percent higher year-on-year.

In 2019, the exports from Georgia to the EU countries amounted to USD 825.7 million (13.0 percent higher compared to 2018) and amounted to 21.9 percent of total exports, while the imports amounted to USD 2 321.5 million (7.4 percent lower) with 25.6 percent in total imports. The external trade turnover of Georgia with the EU countries amounted to USD 3 147.2 million, showing a 2.8 percent decrease compared to the corresponding indicator of the previous year. The EU countries accounted for 28.3 percent of the trade deficit. In 2019 the exports to the CIS countries stood at USD 2 003.1 million (20.0 percent higher compared to 2018) and reached 53.1 percent of total exports, while the imports equaled USD 2 438.6 million (9.5 percent lower) with 26.9 percent in total imports,”Geostat said.

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