Foreign trade turnover of Georgia in January-June, 2019 (without undeclared trade) amounted US $5 968.3 million, which is 0.6 percent less than in previous year’s according to Geostat reports. From this amount
exports amounted US $1 775.4 million (11.5% increase) and imports US $4 192.9 million (4.9% decrease). The negative trade balance of Georgia, in January-June, 2019 amounted US $2 417.4 million, which is 40.5% of the total foreign trade turnover. In the same period, export re-export increased by 0.8% compared to the corresponding period of the previous year and amounted US $1 123.8 million.
In January-June, 2019 Georgian exports to EU countries amounted US $ 426.9 million, which is 16.1% more than in previous year and equals to 24% of the country’s total exports. Import volume amounted
US $1 084.9 million (10.8% decrease), which is 25.9% of country`s total imports.
Total trade turnover with EU countries in 2019 amounted US $1 511.8 million, which is 4.6% less than for the previous year.
As for the trade deficit, in January-June 2019, its share in the negative trade balance was 27.2%.
In January-June, Georgia exports to CIS countries amounted US $916.2 million, which is 27.1% more compared to the previous year and equals 51.6% of the country’s total exports.
The volume of imports reached US $1 116.7 million (15.6% decrease), which is 26.6% of total imports. Trade turnover with CIS countries is US $2 032.9 million, which is 0.5 % less compared to the previous year. As for the trade deficit, in January-June, 2019, its share of total negative trade balance was 8.3%.
In January-June, 2019 the share of the ten largest export countries reached 73.4% of Georgia’s total exports. The TOP 3 biggest export countries are the following: Russia (US $261.3 million), Azerbaijan (US $211.3 million) and Bulgaria (US $149.1 million).
The share of the ten largest import partner countries in the same period reached 66.3% of Georgia’s total imports. The Top biggest export countries are the following: Turkey (US $722.1 million), China (US $430.7 million) and Russia (US $416.5 million).
