Georgian external trade down 14.6% in January-November 2020
Georgian external trade down 14.6% in January-November 2020

The External Merchandise Trade (excluding non-declared trade) of Georgia decreased by 14.6% year-on-year to USD 10 202.4 million during January-November 2020, Georgia’s National Statistics Office reported on Monday.

The exports amounted to USD 3 016.4 million (11.3% lower), while the imports stood at USD 7 186.0 million (15.9 % lower). The negative trade balance was USD 4 169.5 million, and its share in external trade turnover – 40.9 %, GeoStat noted.

The top trading partners by exports were China (USD 445.9 million), Azerbaijan (USD 399.6 million), Russia (USD 396.6 million), and by imports – Turkey (USD 1 257.9 million), Russia (USD 789.1 million), China (USD 646.3 million).

Geostat said the top 10 export items included copper ores and concentrate, amounting to USD 677.2 million, motor vehicles (USD 364.8 million), and ferroalloys (USD 231.6 million).

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