The external merchandise trade (excluding non-declared trade) of Georgia in January-May, 2019 amounted to USD 4 959.4 million, 1.1 percent higher year-on-year, the Georgian National Statistics Office (Geostat) said.
According to Geostat, the exports was USD 1 466.7 million (14.2 percent higher), while the imports stood at USD 3 492.8 million (3.6 percent lower). The negative trade balance was USD 2 026.1 million in January-May 2019 and its share in external trade turnover made up 40.9 percent.
In January-May 2019 the exports from Georgia to the EU countries amounted to USD 360.9 million (22.1 percent higher compared to January-May 2018) and constituted 24.6 percent of total exports, while the imports amounted to USD 885.8 million (11.5 percent lower) with 25.4 percent in total imports.
The external trade turnover of Georgia with the EU countries amounted to USD 1 246.7 million, showing a 3.9 percent decrease compared to the corresponding indicator of the previous year. The EU countries accounted for 25.9 percent of the trade deficit. In January-May 2019 the exports to the CIS countries stood at USD 748.7 million (28.3 percent higher compared to January-May 2018) and reached 51.1 percent of total exports, while the imports equaled USD 951.3 million (13.2 percent lower) with 27.2 percent in total import. The trade turnover with the CIS countries totaled USD 1 700.0 million (1.3 percent higher). The CIS countries accounted for 10.0 percent of the overall trade deficit in the corresponding period.
In January-May 2019 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 72.9 percent. The top partners were Russia (USD 218.7 million), Azerbaijan (USD 168.8 million) and Bulgaria (USD 119.1 million).
In January-May 2019 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 66.2 percent. The top partners were Turkey (USD 595.7 million), Russia (USD 349.6 million) and China (USD 347.9 million).
In January-May 2019 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 67.1 percent. The top trading partners were Turkey (USD 701.8 million), Russia (USD 568.2 million) and Azerbaijan (USD 435.6 million).
In January-May 2019 copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 261.1 million or 17.8 percent of total exports. The exports of motor cars totaled USD 207.8 million and their share in the total exports amounted to 14.2 percent. The ferro-alloys exports occupied the third place standing at USD 136.7 million and constituting 9.3 percent of the total exports.
The top import commodities in January-May 2019 were petroleum and petroleum oils whose imports equaled USD 277.9 million (8.0 percent of the total imports). The motor cars followed in the list with USD 248.4 million, or 7.1 percent of imports. The copper ores and concentrates were third in the top import commodity list with USD 236.0 million (6.8 percent of imports).
source: IPN/ interpressnews.ge