Tuesday, August 22 2023 14:15

ArmInfo. In January-July 2023, Armenia topped the list of Georgia's trade partners in terms of  exports, USD495.0mln, civil.ge reports. 

According to the National Statistics Service of Georgia (Geostat), in  January-July 2023, Georgia's external merchandise trade (excluding  undeclared trade) amounted to USD 12 105.5 million, 18% higher than  in the same period of 2022. Exports amounted to USD 3 583.4 million  (15.9% higher), while imports amounted to USD 8 522.1 million (19.0%  higher). The negative trade balance in January-July 2023 was USD  4,938.7 million, and its share in foreign trade turnover was 40.8%.

In January-July 2023, the share of the ten largest export partner  countries accounted for 80.8% of Georgia's total exports. The three  largest export were as follows: Armenia (USD495.0 million),  Azerbaijan (USD485.3 million), and Russia (USD416.2 million).

As reported by Geostat, in January-July 2023, the share of the top  ten trading partners by imports in the total imports of Georgia  amounted to 70.7%. The main partners were Turkey (USD1 420.6  million), Russia (USD1 087.5 million), and the USA (USD 975.3  million).

In January-July 2023, automobiles took first place in the list of top  export items (USD 1,177.8 million) and accounted for 32.9 % of total  exports. Exports of copper ores and concentrates amounted to USD  380.6 million, and their share in total exports was 10.6 %. The  export of wine of fresh grapes ranked third (USD 150.3 million),  accounting for 4.2 % of total exports.

The top import commodities in January-July 2023 were automobiles,  whose imports amounted to USD 1,620.1 million (19.0 % of total  imports). Petroleum and petroleum oils followed with USD 608.5  million (7.1 % of imports). Drugs in measured doses ranked third on  the list of top import commodities at $307.7 million (3.6 % of  imports).