Georgia’s external merchandise trade derceased by 2.2 percent in January-May 2024 (USD 8 432.0 million). The imports increased by 0.7 percent (USD 6 158.0 million), while the exports decreased by 9.2 percent (2 274.0 million). The share of negative trade balance in external trade turnover constituted 46.1 percent (USD 3 884.0 million in January-May 2024).
The share of the top ten trading partners by exports in the total exports of Georgia reached 79.7 percent In January-May 2024: Kyrgyzstan (USD 360.2 million), Kazakhstan (USD 274.8 million) and Russia (USD 273.1 million).
The share of the top ten trading partners by imports in the total imports of Georgia attained 68.3 percent in January-May 2024: Türkiye (USD 1 078.1 million), Russia (USD 731.0 million) and United States (USD 601.4 million).
The share of the top ten trading partners in the total external trade turnover of Georgia was 67.1 percent in January-May 2024: Türkiye (USD 1 254.4 million), Russia (USD 1 004.1 million) and China (USD 691.6 million).
Motor cars were the top export items in January-May 2024 (USD 739.7 million, 32.5 percent of total exports). The share of wine of fresh grapes in the total exports amounted to 6.2 percent (USD 140.7 million). Ferro-alloys occupied the third place (USD 105.6 million, 4.6 percent of the total exports).
Motor cars were the top import commodities in January-May 2024 (USD 967.4 million, 15.7 percent of the total imports), followed by the petroleum and petroleum oils (USD 513.9 million, 8.3 percent of imports). Third top import commodity were the medicaments (USD 265.5 million, 4.3 percent of imports).
NH Logistics GEO has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Georgia and Eurasia, supporting many clients with their import/export shipments.
Source Link