The exports of services of Georgia amounted to USD 5 703.3 million in 2022, 123.9 percent higher to the data of 2021. The imports equaled USD 3 028.9 million accordingly, it is 66.2 percent higher than the previous year. The positive trade balance was USD 2 674.4 million, that is almost 4 times more than … 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
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 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
Georgia-Israel trade turnover in 2022 amounted to $38,487 million. In 2022, export-import soared by 22.8% compared to 2021. It is worth mentioning that negotiations on a free trade agreement between the two countries are planned to start from 2024. Georgia-Israel started working on signing the agreement back in 2018. The statistics show that last year … Read more
Georgian Economy Minister Levan Davitashvili on Wednesday highlighted the dynamics of Georgia’s growing trade and economic relations with various countries and said products of Georgian origin could enter markets with 2.3 billion consumers under the free trade deals the Government had signed with different states. Currently, 87 percent of Georgia’s exports go to countries under … Read more
“Importantly, Georgia historically has been positioned as a natural bridge between Europe and Asia and an integral part of the ancient Silk Road. Today, our strategic location enables us to contribute to the revival of the Silk Road under the Belt and Road Initiative (BRI) through the Middle Corridor,” said Georgian Prime Minister Irakli Garibashvili … Read more
In January-August 2023 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 14 005.0 million, 16.8 percent higher to the same period of 2022. The exports equaled USD 4 079.4 million (14.4 percent higher), while the imports stood at USD 9 925.7 million (17.8 percent higher). The negative trade balance was USD … Read more
External Merchandise Trade (excluding non-declared trade) of Georgia amounted to USD 14 001.1 million in January-August 2023, 16.8 percent higher year-on-year. The value of export increased by 14.3 percent reaching USD 4 075.4 million, while the import increased 17.8 percent and amounted to USD 9 925.7 million. The trade deficit equaled USD 5 850.2 million … Read more
Zhou Qian, the Chinese Ambassador to Georgia, on Wednesday said the Middle Corridor – a transportation route network connecting China with Europe through the South Caucasus region – was “important” for Georgia’s “prosperity”, and added Chinese companies were “interested in all infrastructure projects” in the country and ready to become involved in case of “beneficial … Read more