In January-August 2023 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 14 005.0 million, 16.8 percent higher than the same period of 2022. the Georgian National Statistic Service (GeoStat) reported.
The exports equaled USD 4 079.4 million (14.4 percent higher), while the imports stood at USD 9 925.7 million (17.8 percent higher). The negative trade balance was USD 5 846.3 million in January-August 2023 and its share in external trade turnover constituted 41.7 percent.
In January-August 2023 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 81.0 percent. The top partners were Azerbaijan (USD 567.8 million), Armenia (USD 552.3 million) and Russia (USD 461.4 million).
In January-August 2023 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 70.8 percent. The top partners were Turkey (USD 1 644.7 million), Russia (USD 1 225.5 million) and the USA (USD 1 190.1 million).
In January-August 2023 motor cars claimed the first place in the list of top export items, equaling USD 1 368.4 million with 33.5 percent of total exports. The exports of copper ores and concentrates totaled USD 411.7 million and their share in the total exports amounted to 10.1 percent. The exports of wine of fresh grapes occupied the third place standing at USD 169.3 million and constituting 4.2 percent of the total exports.
The top import commodities in January-August 2023 were motor cars, whose imports equaled USD 1 957.8 million (19.7 percent of the total imports). Petroleum and petroleum oils followed in the list with USD 716.2 million (7.2 percent of imports). The medicaments put up in measured doses were third in the top import commodity list with USD 354.3 million (3.6 percent of imports).