Georgia Foreign Trade Turnover 2020
Georgia’s foreign trade turnover of 2020 decreased by 14.8% compared to the same period last year, amounting to USD 11347.7 million, according to data released by the National Statistics Office (Geostat). Exports decreased by 12% year-on-year to USD 3342.1 million, while imports were down by 15.9%, reaching USD 8005.6 billion. Meanwhile, the trade deficit equaled USD 4663.4 million in 2020, decreased by 18%.
In 2020 the share of the top ten trading partners by trade turnover amounted to 70.4 percent. Turkey remained Georgia’s largest trading partner with USD 1597.5 million in 2020, followed by Russia and China with USD 1328.2 million and USD 1185 million, respectively.
In 2020 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 75.9 percent. The top partners were China (USD 476.3 million), Azerbaijan (USD 441.3 million) and Russia (USD 441.1 million). It is worth noting, that Georgia have 113% increase on export with China in 2020.
Georgia-EU Trade Turnover 2020
Georgia-EU foreign trade turnover of 2020 decreased by 18% compared to the same period last year, amounting to USD 2638 million, constituting 23% of total Georgia's trade turnover.
- Exports decreased by 12% year-on-year to 717 USD million constituting 21% of Georgia's total export. (2019 - 22%)
- Imports were down by 20%, reaching USD 1921 million constituting 24% of Georgia's total import. (2019 - 25%)
Georgia-CIS countries Trade Turnover 2020
Georgia-CIS countries foreign trade turnover of 2020 decreased by 13% compared to the same period last year, amounting to USD 3901 million, constituting 34% of total Georgia's trade turnover.
- Exports decreased by 26% year-on-year to 1509 USD million constituting 45% of Georgia's total export.
- Imports decreased by 2%, reaching USD 2392 million accounting for 30% of Georgia's total import.
Georgia-China Trade Turnover 2020
Georgia-China foreign trade turnover of 2020 increased by 9% compared to the same period last year, amounting to USD 1185 million, constituting 10% of total Georgia's trade turnover.
- Exports increased by 113% year-on-year to 476.3 USD million constituting 14% of Georgia's total export.
- Imports were down by 18%, reaching USD 708.8 million constituting 9% of Georgia's total import.
Georgia Foreign Trade Turnover on AGRIPRODUCTS 2020
The export of Georgian agricultural products accounted for USD 942.2 million in 2020, 6% increase compared to last year.
The largest Exporting partners of Georgia were:
- Russia - USD 287 million
- EU - USD 163 million
- Azerbaijan - USD 100 million
- Ukraine - USD 93 million
The top exported Agriculture goods were:
- Georgian wine - 22%
- spirituous beverages- 14%
- Mineral and freshwater - 12%
- Nuts - 10%
- Non-Alcoholic drinks - 3%
MAJOR COMMODITY GROUPS BY EXPORTS 2020
In 2020 copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 729.4 million or 21.8 percent of total exports. The exports of motor cars(re-export) totaled USD 404.1 million and their share in the total exports amounted to 12.1 percent. The Ferro-alloys exports occupied the third place standing at USD 247.3 million and constituting 7.4 percent of the total exports. These commodity groups followed by wine of fresh grapes – USD 210.2 million; spirituous beverages – USD 132.2 million; waters, natural or artificial mineral and aerated waters – USD 116.5 million; medicaments put up in measured doses – USD 99 million; gold – USD 97.5 million; hazelnuts and other nuts – USD 94 million; precious metal ores and concentrates – USD 89.9 million;
For more detailed information, please visit the following link: https://www.geostat.ge/media/35820/External-Merchandise-Trade-of-Georgia-in-2020.pdf