Exports to third countries (calendar and seasonally adjusted exports of goods), September 2023 57.0 billion euros -3.4% on the previous month -8.7% on the same month a year earlier Exports to third countries (original values, exports of goods), September 2023 57.4 billion euros -12.1% on the same month a year earlier On a calendar and … Read more
Acwa Power, the world’s largest private water desalination firm, has signed a Memorandum of Understanding (MoU) with Zenith Energy Terminals, GasLog and Port of Amsterdam to explore the viability for a green hydrogen export corridor. The corridor will be between Acwa Power’s global hydrogen production sites and the port of Amsterdam. The companies exchanged the … Read more
UAE and Scotland have signed a Memorandum of Understanding (MoU) to boost bilateral trade and private-sector and academic partnerships in the fields of advance technology, innovation, education and research. In particular, the MoU, signed between Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, and Scotland’s Cabinet Secretary for Wellbeing Economy, Fair Work … Read more
Ukraine has started negotiations with Moldova and Romania regarding the creation of a “green corridor” between the border crossing points “Reni (Ukraine) – Giurgiuleşti (Moldova) – Galați (Romania)” to speed up the movement of goods and the export of Ukrainian agricultural products. As the press service of the Ministry of Restoration reports, this became the … Read more
The minister of trade of Serbia, Tomislav Momirovic, stated on Saturday that, if the Free Trade Agreement with China is ratified in the National Assembly of Serbia in the next seven days, the conditions will meet for it to come into effect at the beginning of March 2024. – Of course, China is supposed to … Read more
The European Union (EU) supports Kazakhstan’s aspiration to become a transportation and logistics hub, Hors Classe Adviser of the European Commission Henrik Hololei said at an Oct. 19 meeting with Kazakh Deputy Foreign Minister Nazira Nurbayeva, reported the ministry’s press service. According to Hololei, the EU offers participation in infrastructure projects and the attraction of … Read more
The Armenian PM will open the fourth edition of Tbilisi Silk Road Forum along with counterparts from Georgia, Azerbaijan and Montenegro and the Vice President of the Asian Development Bank. Photo: Government press office Nikol Pashinyan, the Prime Minister of Armenia, on Thursday arrived in Tbilisi with his delegation to open the fourth edition of … Read more
The exports of Georgia (excluding non-declared exports) reached USD 4 607.4 million (12.7 percent growth) in January-September 2023. Domestic exports constituted 47.2 percent of the total export and attained USD 2 172.7 million (22.5 percent down compared to the same period of 2022).
The top ten trading partners by domestic exports (Russia (USD 412.3 million), Türkiye (USD 290.5 million) and China (USD 235.0 million) had the share of 75.2 percent in the total domestic exports of Georgia in January-September 2023.
The first place in the list of top export items was claimed by copper ores and concentrates during the reporting period (USD 433.0 million, or 19.9 percent of total exports). The share of the exports of wine of fresh grapes in the total exports amounted to 8.9 percent (USD 193.0 million). The third place was occupied by the exports of ferro-alloys (USD 140.1 million, 6.4 percent of the total exports).
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Georgia’s external merchandise trade (excluding non-declared trade) rose up by 16.5 percent in January-September 2023 compared to the same period of 2022 and reached USD 15 910.8 million. The growth of exports equaled to 12.7 percent (USD 4 607.4 million), while the imports increased by 18.2 percent (USD 11 303.4 million). The share of the negative trade balance in external trade turnover during the reporting period constituted 42.1 percent (USD 6 696.0 million).
The top ten trading partners by exports (Azerbaijan (USD 632.7 million), Armenia (USD 601.5 million) and Russia (USD 511.8 million) had the share of 80.5 percent in the total exports of Georgia during the reporting period.
The top ten trading partners by imports (Türkiye (USD 1 861.2 million), USA (USD 1 399.4 million) and Russia (USD 1 364.3 million) had the share of 70.8 percent in the total imports of Georgia in January-September 2023.
The top ten trading partners of Georgia in the total external trade turnover (Türkiye (USD 2 195.8 million), Russia (USD 1 876.0 million) and USA (USD 1 471.8 million) had the share of 68.8 percent in the total external trade turnover in January-September 2023.
The first place in the list of top export items was claimed by motor cars (USD 1 566.1 million and 34.0 percent of total exports) during the reporting period. The share of the exports of copper ores and concentrates in the total exports amounted to 9.5 percent (totally USD 438.1 million). The third place was occupied by the exports of wine of fresh grapes (USD 193.5 million, 4.2 percent of the total exports).
Motor cars were the top import commodities in January-September 2023 (USD 2 282.5 million, 20.2 percent of the total imports), followed by the petroleum and petroleum oils in (USD 816.4 million, 7.2 percent of imports). The third place in the top import commodity list was occupied by the medicaments put up in measured doses (USD 392.4 million, 3.5 percent of imports).
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Roughly 520,000 electric cars exported to the value of 23.9 billion euros Number of exported cars with combustion engine increased by 1.1 million, up 9.7% from the previous year’s level Exports and imports of hybrid vehicles declining From January to August 2023, 520,000 electric cars were exported; their value amounted to 23.9 billion euros. The … Read more