Home / Economy / Top 10 Trading Partners in the Total External Trade Turnover of Georgia amounted to 71%
Top 10 Trading Partners in the Total External Trade Turnover of Georgia amounted to 71%

Top 10 Trading Partners in the Total External Trade Turnover of Georgia amounted to 71%

In January-June 2016 external merchandise trade (excluding non-organized trade) in Georgia amounted to USD 5705 million, 20 percent higher year-on-year.

The exports equaled USD 948 million (12 percent lower), while the imports stood at USD 4757 million (30 percent higher). The negative trade balance was USD 3809 million in January-June 2016 and its share in external trade turnover constituted 67 percent.

The table below shows monthly data for 2015-2016 exports and imports in absolute indicators and their change (in percentage) compared to the corresponding month of the previous year.

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In January-June 2016 the external trade turnover of Georgia with the EU countries amounted to USD 1394 million, decreased by 2 percent compared to the corresponding indicator of the previous year.

Exports amounted to USD 226 million (22 percent lower), while imports amounted to USD 1168 million (4 percent higher).

The share of these countries in the external trade turnover of Georgia amounted to 24 percent, 24 percent in exports and 25 percent in imports (in January-June 2015 30, 27 and 31 percent correspondingly). 25 percent of the trade deficit came to the EU countries (32 percent in January-June 2015).

In January-June 2016 the external trade turnover of Georgia with the CIS countries totaled USD 1153 million (lower by 15 percent compared to January-June 2015).

Exports stood at USD 294 million (29 percent lower), while imports equaled USD 859 million (8 percent lower). The share of the CIS countries in the external trade turnover of Georgia constituted 20 percent, 31 percent in exports and 18 percent in imports (In January-June 2015 29, 39 and 26 percent, respectively).

In January-June 2016, compared to the corresponding period of the previous year, CIS countries accounted for 15 percent of the overall trade deficit (20 percent in January-June 2015).

The diagrams below show the share of the exports and imports of Georgia by country groups.

CaptureIn January-June 2016 share of the top ten trading partners in the total external trade turnover of Georgia amounted to 71 percent.

The top trading partners were Canada (USD 1300 million), Turkey (USD 778 million) and Russia (USD 390 million).
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Source: Geostat