The US has imposed a 10% tax on goods imported from Armenia, Azerbaijan, and Georgia as part of sweeping new tariffs on almost every country in the world. It came as part of US President Donald Trump’s proclaimed ‘liberation day’, during which he unveiled tariffs of between 10% and 50% on goods imported into the … Read more
The National Statistics Service of Georgia (Geostat) published preliminary data indicating that in January -February 2025, Georgia’s foreign trade increased by 15.6% year-on-year, totaling USD 3,567.6 million. In the same period, exports increased by 4% to USD 835.4 million, while imports grew by 19.6% to USD 2,732.2 million. As a result, the country’s negative trade … Read more
Imports of electric vehicles are at their peak. According to the National Statistics Office, in January-February this year, 927 units (16.388 million USD) of electric vehicles were imported into the country that is record high compared to previous years. In addition, about a 100% increase was recorded compared to the same period of 2024. For … Read more
In January-February 2025 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 3 567.6 million, 15.6 percent higher year-on-year. The exports equaled 835.4 million (4.0 percent higher), while the imports stood at USD 2 732.2 million (19.6 percent higher). The negative trade balance was USD 1 896.9 million in January-February 2025 and … Read more
In January-February 2025 the exports of Georgia (excluding non-declared exports) equaled USD 835.4 million, 4.0 percent higher year-on-year. Share of the domestic exports in total exports constituted 46.5 percent and amounted to USD 388.5 million, 1.3 percent lower to the same period of 2024. In January-February 2025 the share of the top ten trading partners … Read more
On 24 December 2024, the findings of PMCG’s “Facilitating Trade with Central Asia: Georgia’s Role as a Transit Corridor” policy paper were presented at an event hosted by the Kazakh-Georgian Economic Union. During proceedings, the founder of the Union, Giorgi Jakhutashvili, guided attendees through the comprehensive document, which offers informed insights into the prospects and … Read more
In 2024, 1 6831 ships entered the ports and terminals of Georgia. 38.5 percent of those ships were general cargo carriers, 30.1 percent were liquid bulk, 22.5 percent – container ships, and the rest of 8.9 percent were distributed among dry bulk carriers, tugs and specialized ships. In 2024, compared to the previous year, the … Read more
Georgian producers will soon be able to increase export volume to Turkey by 20 percent as Georgia and Turkey have agreed to widen an existing free trade agreement. The final round of negotiations was held today in Turkish capital city of Ankara, where delegations of both countries met each other to finalise talks about widening … Read more
Georgia’s external trade turnover amounted to $2 billion in January, posting a 39.3 percent year-on-year increase, with the list of top trading partners of the county topped by the United States with $361.7 million, the United Kingdom with $267.2 million and Russia with $203.3 million. Georgia’s external trade turnover amounted to $2 billion in January, … Read more
David Songulashvili, the Minister of Agriculture and Environmental Protection of Georgia, on Wednesday emphasised Kazakhstan’s potential as “one of the important” agricultural food export partners for the country. David Songulashvili, the Minister of Agriculture and Environmental Protection of Georgia, on Wednesday emphasised Kazakhstan’s potential as “one of the important” agricultural food export partners for the … Read more