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Georgia’s Exports and Imports Reached their Highest Point in 3 years

The first half of 2018 produced some interesting figures regarding Georgia’s external trade. Even though the existing data is only preliminary, the analysis thereof unveils some curious results, PMC Research Center reports. Georgia’s exports and imports reached their highest point for the observed period of 2015-2018. In the first half …

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Timber Import to be Exempted from VAT

“Timber import will be exempted from VAT,” – stated the Prime Minister Mamuka Bakhtadze before the government session. According to him, with this decision, there will be less motivation for cutting trees in Georgia and there will also be certain benefits for lumber and plank export. “We will be intolerant …

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Exports and Imports Dynamics of Georgia by Months

In January-June 2018 the external trade turnover of Georgia with the EU countries amounted to USD 1 644.5 million, grew by 25.2 percent compared to the corresponding indicator of the previous year. Exports amounted to USD 367.8 million (21.5 percent higher), while imports amounted to USD 1 276.7 million (26.3 …

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What Georgia Buys and Sells Abroad – List of Products

In January-July 2017 copper ores and concentrates occupied a leading position in Georgia’s top ten export items. Revenues from this category made up 243.7mln USD (16.8% in total exports). Ferroalloys exports constituted 182.5mln USD (12.6%). Motorcars rank third with 102.4mln USD (7.1%). Wine ranks fourth with 83.7mln USD . As …

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In January, Imports of Cars in Georgia Decreased by $ 5 Mln

In January, Imports of Cars in Georgia Decreased by $ 5 Mln

This is mainly due to the sharp rise in excise taxes on right-hand drive cars, although the large number of such vehicles were imported into the country before January 1 and  customs clearance is carried out under the old rules. However, not all managed to bring the right-hand drive cars …

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Ukraine Becomes Second in Imports of Georgian Wine in 2016

Ukraine in 2016 imported around 5.8 million bottles of Georgian wine, and this was over 70 percent more than in 2015. Georgian Ambassador to Ukraine Mikheil Ukleba said at a meeting of the Tourism Press Club of Ukraine that thanks to this figure Ukraine was second in imports of Georgian …

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Auto Importers Support Further Regulations

According to the bill of amendments to Tax Code, excise tax increased on automobile imports starting January 1, 2017. The decision is part of government plan for strengthening national currency exchange rate and mobilizing additional financial resources to state budget. Starting January 1, 2017, imports of automobiles manufactured after 2003 …

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Russia Bans Cattle Import from Georgia

Russia banned imports of Georgian cattle and products derived from these animals, due to the outbreak of dermatitis, the press service of the Federal Service for Veterinarian and Vegetation Sanitary Supervision announced. “In connection with the registration of the outbreaks of nodular dermatitis among cattle on the territory of Georgia, …

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Imports of Hepatitis C Drug Increased External Trade

Imports of Hepatitis C drugs have contributed in increasing rate of external trade in Georgia, however the rate is declined. In January-September 2016 external merchandise trade (excluding non-declared trade) in Georgia amounted to USD 9104 million, 24 percent higher year-on-year. The exports equaled USD 1512 million (8 percent lower), while …

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Whether Georgian Products Overcome Azerbaijani Restrictions

Government of Azerbaijan has taken decision on increasing customs duties and restricting imports. The new decision will come into force soon and will be valid for two years. Government of Georgia assures that the decision will not affect Georgian products and exporters. Azerbaijani officials have confirmed that changes will not …

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In Georgia Export Declined by 7 percent in July 2016

In Georgia Export Declined by 7 percent in July 2016

According to preliminary data of the National Statistics Office of Georgia, in July 2016, compared to July 2015, export of goods increased by 7% (13.4 million dollars), while import decreased by 0.2% (1.6 million dollar). In case we compare the data of export of the year 2016 to the year 2014, it …

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White Hat to Replace Imported Materials with the own Production

White Hat to Replace Imported Materials with the own Production

Company White Hat will replace imported materials with the own production from Autumn. As Ivane Ioseliani, general director of the company has declared to GBC, development of compost agricultural is being carried and 1 million USD will be spent. Dutch type compost plant will be enacted from autumn and it will …

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