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).
Source Link
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).
Source Link
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
In August, the total volume of goods exports (adjusted for number of working days) rose by 0.6 percent year on year, as reported by Statistics Netherlands (CBS). The growth follows a few months of contraction. The increase in August was mainly seen in exports of machinery, appliances and transport equipment. Exports volumes of chemical products … Read more
New Delhi is reportedly facing troubles reaching a trade deal with London that has been in the works since 2021 India and Britain are unlikely to sign a free-trade agreement (FTA) this month as London is seeking “better terms” in the area of “goods and services,” the Financial Times reported on Wednesday, quoting unnamed officials. … Read more
In January-September 2023, Ukraine’s trade turnover reached $73.7 billion. The relevant statement was made by the Ukrainian State Customs Service, an Ukrinform correspondent reports. “In January-September 2023, Ukraine imported $46.6 billion worth of goods and exported $27.1 billion worth of goods,” the report states. The taxable imports came to $38.3 billion, which is 82% of … Read more
Serbia and China have signed a free trade agreement that includes 10,412 Serbian products and 8,930 Chinese products, Serbia’s government said. Furthermore, the countries signed other agreements, including one about economic development policies, another to boost industrial and investment cooperation between Serbia and China, and a medium-term plan for jointly participating in the “Belt and … Read more
Latvia may offer Kazakhstan logistics organization through its ports, a source at the Ministry of Foreign Affairs of Latvia told Trend.az. “Kazakhstan is a very important partner of Latvia in the transport and logistics sectors. Latvia plays an important role in the connectivity of Kazakhstan and other Central Asian countries to the world markets by … Read more
In January-September 2023 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 15 910.8 million, 16.5 percent higher to the same period of 2022. The exports equaled USD 4 607.4 million (12.7 percent higher), while the imports stood at USD 11 303.4 million (18.2 percent higher). The negative trade balance was USD … Read more