External Merchandise Trade of Georgia in January-May 2018

External Merchandise Trade of Georgia in January-May 2018

External Merchandise Trade of Georgia in January-May 2018

The FINANCIAL -- In January-May 2018 external merchandise trade of Georgia amounted to USD 4 895.6 million, 24.5 percent higher year-on-year. 

The exports equaled USD 1 284.7 million (28.0 percent higher), while the imports stood at USD 3 610.9 million (23.4 percent higher). The negative trade balance was USD 2 326.2 million in January-May 2018 and its share in external trade turnover constituted 47.5 percent. Export excluding re-export amounted to USD 924.8 million, 15.6 percent higher year-on-year, according to Geostat.

In January-May 2018 the external trade turnover of Georgia with the CIS countries totaled USD 1 676.2 million (higher by 32.6 percent compared to the January-May 2017). Exports stood at USD 584.0 million (52.3 percent higher), while imports equaled USD 1 092.3 million (24.0 percent higher). The share of the CIS countries in the external trade turnover of Georgia constituted 34.2 percent, 45.5 percent in exports and 30.2 percent in imports (In January-May 2017 32.2, 38.2 and 30.1 percent, respectively). In January-May 2018 compared to previous year, CIS countries accounted for 21.9 percent of the overall trade deficit (25.9 percent in January- May 2017).

Major commodity groups by exports and imports

In January-May 2018 Copper ores and concentrates reclaimed the first place in the list of top export items, equaling USD 181.6 million, or 14.1 percent of total exports. Exports Ferro-alloys of totaled USD 151.8 million and its share in the total exports amounted to 11.8 percent. Motor cars occupied the third place. Exports of this commodity group stood at USD 124.0 million and 9.7 percent of the total exports.

The top import commodities in January-May 2018 were Petroleum and petroleum oils imports of which amounted to USD 330.8 million and 9.2 percent of the total imports. Motor cars followed in the list with USD 215.6 million, or 6.0 percent of imports. Petroleum gases came third with USD 150.0 million (4.2 percent of imports).