About Civil.ge
Eng | Geo | Rus
Last updated: 22:13 - 28 Nov.'14
 
RSS
Mobile
Twitter
Facebook
Georgia's Foreign Trade in Jan.-Sept.2013
Civil Georgia, Tbilisi / 24 Oct.'13 / 22:11


Georgia’s January-September foreign trade figures between 2007 and 2013 in million U.S. dollars. Source: Geostat

Georgia’s foreign trade declined 0.1% year-to-year in the first nine months of 2013 to USD 7.58 billion with the trade gap decreasing by 12.5% y/y to USD 3.54billion, according to figures released by the state statistics office, Geostat, on October 24.

Imports were down by 4% y/y in January-September 2013 to USD 5.56 billion and exports rose 14% y/y in the first three quarters of this year to slightly over USD 2 billion

Re-export of cars lead the pack with USD 511.7 million, increasing 18.4% y/y and accounting 25.3% of Georgia’s total exports in January-September 2013, followed by ferroalloys – USD 183.2 million (9.6% y/y decline); nitrogen fertilizers – USD 98.9 million (5.5% y/y decline); copper ores and concentrates – USD 96.3 million (more than twofold increase); nuts – USD 82.4 million (25.1% y/y increase).

Export of wines and mineral waters saw a significant increase, apparently driven mainly by reopening of the Russian market.

Georgian wine export increased 73.9% y/y in January-September 2013 in value to USD 74.1 million making its share in country’s total export 3.7%.

Export of mineral waters rose 60.1% y/y to USD 72.8 million, accounting 3.6% of Georgia’s total exports.

Reopening of the Russian market also boosted trade turnover between the two countries, mainly due to increased exports making Russia Georgia’s fourth largest trading partner in January-September, 2013 with USD 501.7 million, a 35% y/y increase.

Russia was Georgia’s sixth largest trading partner in 2012 and the fifth largest in the first half of 2013.

In January-September, 2013 Georgian exports to Russia increased more than threefold over the same period of last year to USD 103.6 million and imports increased 17.4% y/y to USD 398 million.

Turkey remains Georgia’s largest trading partner with slightly over USD 1 billion in the first nine months of this year, followed by Azerbaijan with USD 958 million; Ukraine - USD 555.7 million; Russia – USD 501.7 million; China – USD 451.2 million; Germany – USD 368.8 million; Armenia – USD 343.7 million; the U.S. – USD 306.1 million; Bulgaria – USD 246.1 million and Romania – USD 228.1 million.
 
Oil products top the list of imports totaling USD 667.6 million in January-June 2013, followed by cars – USD 516.4 million; medicines – USD 198.7 million; hydrocarbons – USD 192.7 million; wheat – USD 114 million; mobile and other wireless phones – USD 99.8 million; cigarettes – USD 74.5 million; copper ores and concentrates USD 70.8 million; computers – USD 60.1 million; trucks – USD 57 million.

Latest News
28 Nov.'14 22:13
GD Rejects UNM’s Draft Resolution on Ties with Russia
The draft was calling for scrapping Karasin-Abashidze talks, and joining Western sanctions against Russia.
28 Nov.'14 17:09
In Debates on Surveillance Bill, Usupashvili Calls for Interior Ministry Reform
Countering PM, Usupashvili said concept of strong police being prerequisite for strong state is “wrong.”
28 Nov.'14 12:45
PM Hails Endorsement of Surveillance Regulation Bill
He welcomed passing of the bill with its first reading as “right decision” for the state.
28 Nov.'14 11:48
PM: ‘Stronger Interior Ministry Means Strong State’
“My slogan is strong Interior Ministry, strong state, strong Georgian special services,” Garibashvili said.
27 Nov.'14 23:46
Parliament Endorses Govt-Backed Surveillance Bill
GD parliamentary majority voted down competing bill, tabled by the Republican Party.
27 Nov.'14 15:49
Girgvliani Case-Related Charges Filed Against Saakashvili
This is the latest in series of criminal charges filed against Georgia’s former president since late July.
27 Nov.'14 02:38
GD Divided as MPs Debate Surveillance Regulation Bill
Opposition MPs, as well as some GD lawmakers are against of govt-backed bill.
26 Nov.'14 23:39
Latvian FM Lays Out EaP Riga Summit Goals
“We definitely want to see Riga Summit as a visa liberalisation summit,” Rinkēvičs said in Tbilisi.
26 Nov.'14 11:45
Karasin on New Treaty Between Moscow and Sokhumi
Russian Deputy Foreign Minister expressed hope that dialogue with Tbilisi will continue.
25 Nov.'14 22:20
Latvian President Visits Georgia
President Bērziņš is accompanied by government members and a large group of Latvian businessmen.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
66