Exports from Georgia to the EU increased by 13 percent in 2019 compared to last year and reached $825.7 million, while imports decreased 7.4 percent and amounted to $2.32 billion, show preliminary data from the National Statistics Office of Georgia.
Top trading partners
Georgia's top trading partners were Turkey ($1.82 billion), Russia ($1.47 billion) and China ($1.09 billion) in 2019.
In 2019 the share of the top ten trading partners in Georgia’s total external trade turnover amounted to 66.9 percent.
Top countries by exports
In 2019 the share of the top ten trading partners in total exports of Georgia amounted to 73.3 percent.
In 2019 the top export partners were Azerbaijan ($498.7 million), Russia ($497.1 million), and Armenia ($412.2 million).
Top countries by imports
In 2019 the share of the top ten trading partners in total imports of Georgia amounted to 65.8 percent.
The country’s top partners were Turkey ($1.61 billion), Russia ($975.9 million) and China ($858.7 million).
Trade with EU countries
External trade turnover with the European Union (EU) countries decreased by 2.8 percent year-on-year (y/y) and amounted to $3.15 billion.
The share of exports to EU countries made for 21.9 percent of total exports, while the share of imports constituted 25.6 percent of total imports.
Trade with CIS countries
The external trade turnover with the Commonwealth of Independent States (CIS) countries increased by 1.8 percent and reached $4.44 billion.
Exports came to $2 billion (20 percent higher y/y) while imports sank to $2.44 billion (9.5 percent lower y/y).
The share of exports to CIS countries constituted 53.1 percent of total exports, while the share of imports equaled 26.9 percent of total imports.
What are Georgia’s main exports?
Georgia’s top exported commodities in 2019 were:
Motor cars - $686.7 million (18.2% of total exports)
Copper ores and concentrates - $651.6 million (17.3% of total exports)
Ferro-alloys - $303 million (8% of total exports)
What are Georgia’s main imports?
The top import commodities in 2019 were:
Petroleum and petroleum oils - $757 million (8.4% of total imports)
Motor cars - $653.7 million (7.2% of total imports)
Copper ores and concentrates - $603.7 million (6.7% of total imports)
Overall, Georgia’s external trade turnover increased to $12.83 billion (2.7 percent higher y/y) in 2019.
The value of exports increased by 12.4 percent and reached $3.77 billion, while imports decreased by 0.8 percent, amounting to $9.06 billion.
The trade deficit of Georgia in 2019 amounted to $5.29 billion which is 41.2 percent of total trade turnover.