Economy
Posted: 4 months ago

Georgia’s Imports in January-May Period Marked $2.9 billion

In January-May 2020, Georgia’s imports in total foreign trade turnover marked $ 2.9 billion, down 17% year on year.

According to the preliminary report by Geostat, the National Statistics Service of Georgia, the ratio of the top ten import markets in Georgia’s total imports made up 69.2%.
Imports have shrank form all top imports markets, excluding Armenia:

1. Turkey - $478.8 million, down 20.3%;
2. Russia - $336.8 million, down 3.8%;
3. China - $274.7 million, down 21.2%;
4. Azerbaijan - $241.7 million, down 9.4%;
5. Germany - $153.2 million, down 16.8%;
6. The USA - $152.6 million, down 30.9%;
7. Armenia - $149.2 million, down 28.6%;
8. Ukraine - $139.1 million, down 2.3%;
9. Italy - $67.7 million USD, down 23.0%;
10. The Netherlands - $62.5 million, down 3.2%.

From all other countries, Georgia imports goods of 913.3 million USD, down 24.5% compared to the same period of 2019.
As for major import items, the January-May period recorded growth in imports of wheat and beef and poultry subproducts. Top 10 imports items are as follows:
1. Automobiles - $222.8 million, down 34.3%;
2. Copper ores and concentrates - $199.1 million, down 15.7%;
3. Oil and oil products - $195.6 million, down 29.7%;
4. Gas and gas hydrocarbons ნავთობის - $167.3 million, down 0.7%;
5. Packed medications - $133.5 million, down 12.5%;
6. Phones - $57.1 million, down13.3%;
7. Wheat - $39.3 million, up 1.3%;
8. Electricity - $31.8 million, up 15.0%;
9. Rubber pneumatic breaks and tires - $27.9 million, down 20.9%;
10. Beef and poultry subproducts - $26.9 million, up - 7.2%.

We remind you that Georgia’s foreign trade turnover in January-May declined by 16.8% to 4.2 billion USD.