On August 19, the National Statistics Service of Georgia (Geostat) published preliminary data This shows that Georgia’s foreign trade in the period January-July 2024 increased by 1.6% year-on-year to a total value of USD 12.567 billion.
In the period January-July 2024, Georgia’s exports decreased by 1.3% to USD 3.532 billion, while imports increased by 2.9% to USD 9.035 billion. As a result, the country’s negative trade balance amounted to USD 5.502 billion, which is 43.8% of its foreign trade turnover.
During the same period, Turkey was Georgia’s largest trading partner with a trade volume of $1.810 billion, followed by Russia with $1.428 billion, the United States with $1.079 billion, China with $1.056 billion and Azerbaijan with $724 million.
During the reporting period, most of Georgia’s exports went to Kyrgyzstan with USD 588 million, followed by Kazakhstan with USD 447 million, Russia with USD 407 million, Azerbaijan with USD 401 million and Armenia with USD 346 million.
Most of Georgia’s imports came from Turkey with a total value of $1.520 billion, followed by Russia with $1.021 billion, the United States with $991 million, China with $880 million and Germany with $634 million.
In the period January-July 2024, the main export commodities were: cars (1.193 billion USD), followed by ferroalloys (201 million USD); wine from fresh grapes (174 million USD); alcoholic beverages (162 million USD); precious metal ores and concentrates (117 million USD); natural or artificial mineral and aerated waters, without added sugar (97 million USD); waters, mineral and aerated waters with added sugar (75 million USD); nitrogenous fertilizers (73 million USD); dosed medicines (63 million USD); gold in unwrought, semi-finished or powdered form (58 million USD); other goods (1.317 billion USD).
The main imports were passenger cars (USD 1.608 billion), petroleum and petroleum products (USD 770 million), followed by pharmaceuticals (USD 370 million), petroleum gases and other gaseous hydrocarbons (USD 238 million), automatic data processing machines and units thereof (USD 194 million), telephone sets and equipment for the transmission or reception of voice, images or other data (including wired/wireless networks) (USD 173 million), motor vehicles for the transport of goods (USD 120 million), cigars, cheroots, cigarillos and cigarettes (USD 90 million), other bars and rods of iron or non-alloy steel (USD 86 million), structures and structural parts of iron or steel (USD 78 million) and other raw materials (USD 5.308 billion).
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