Oct 25, 2010

Georgia’s Foreign Trade Grows 17% in Jan-Sept

Georgia’s foreign trade turnover in first nine months of 2010 was USD 4.6 billion, up by 17% from last year’s same period, the state statistics office, Geostat, said on October 25.

Trade deficit was USD 2.41 billion in January-September of 2010, which is up by 5% year-on-year.

The value of export was slightly over USD 1 billion, up by 34% and import was USD 3.5 billion, up by 13% year-on-year, according to Geostat.

Turkey remains Georgia’s largest trading partner with USD 770 million in the first nine months of 2010, followed by Azerbaijan – USD 486 million; Ukraine – USD 445 million; the United States – USD 253.5 million; Germany – USD 250.4 million; China – USD 240.3 million; Russia – USD 222.6 million; Armenia – USD 146.2 million; Bulgaria – USD 126.9 million and United Arab Emirates – USD 126.1 million.

Ferro-alloys remained the number one Georgian export, amounting USD 177 million in the first nine months of this year; followed by re-export of vehicles with USD 153 million and ferrous scrap metal with USD 80 million.

Oil products and hydrocarbons top the list of imports totaling USD 567.8 million; followed by vehicles with USD 231.2 million; medicines - USD 135.5 million and wheat – USD 103.9 million.

Source: www.civil.ge