In 2023, Georgia exported goods worth $704,364 million to EU countries that is 11.6% of the total exports. As for imports, Georgia brought products worth $3.795 billion from EU countries that is 24.6% of the total imports. Top 5 import commodities are: • Light vehicles – 455,649 million US dollars • Oil and oil products … Read more
The Minister also noted “significant economic activity” had led to the high trade turnover, adding the country managed to be an “important trading platform” under conditions of a “free economic environment” despite the “global context” in 2023. Photo: Ministry of Economy Georgian Economy Minister Levan Davitashvili on Monday highlighted last year’s “new record” in the … Read more
Georgian National Statistics Service (GeoStat) summed 2023. GeoStat Executive Director, Gogita Todradze, reported the Georgian economy grew by 6.9% in 2023 based on the last 11 months’ data. Gogita Todradze pointed out that trade, construction, finance, insurance, and information and communication technologies experienced growth, whereas the procession industry declined. GeoStat Executive Director compared Georgia’s economic … Read more
Based on the economic growth data published today, we can already summarize the trends of economic growth in 2023 – first of all, I would like to note that the economy of Georgia maintains the high economic growth rate recorded in 2021-2022, and we expect that in 2023 the economy of Georgia will grow by … Read more
An agreement was signed between the Government of Georgia and the Government of the People’s Republic of China on international road transportation of passengers and cargo, which provides for the exchange of bilateral and transit transportation quotas for carriers registered in both Georgia and the People’s Republic of China. According to the data of the … Read more
The Georgian external trade turnover amounted to $19.62 billion in January-November, posting a 14.7 percent year-on-year increase. Photo: Geostat Turkey with $2.71 billion, Russia with $2.19 billion and the United States with $1.84 billion were the top trading partners of Georgia in its total external trade turnover between January and November, the National Statistics office … Read more
Georgian external trade turnover amounted to $19.62 billion in January-November. Photo: Geostat Georgian external trade turnover amounted to $19.62 billion in January-November, posting a 14.7 percent year-on-year increase, the National Statistics Office said on Wednesday. The value of exports rose by 11.1 percent and equalled $5.58 billion, while imports also grew by 16.3 percent, amounting … Read more
Aliyev also noted Georgia’s energy security was “fully protected” regardless of what happened between the “big players”. Photo: Georgian Government press office Azerbaijani President Ilham Aliyev on Wednesday lauded his country’s “close cooperation” with Tbilisi on both political level and collaborative projects, and highlighted the positive impact of the “mutually beneficial” partnership on Europe while … Read more
In 10 months, the trade turnover between Georgia and Azerbaijan amounted to $1.230 billion that is $1.7 million more than in the same period of last year. Last year, in January-October trade turnover between the countries stood at $1.058 billion. In 10 months of the current year, Georgia exported the products worth $713,516 million to … Read more
Georgia’s top trading partners by exports were Azerbaijan ($713.5mln), Armenia ($657.5 million) and Kazakhstan ($579.9 million), while imports were topped by Turkey ($2.10 billion), US ($1.59 billion) and Russia ($1.48 billion). Photo: Geostat Turkey with $2.46 billion, Russia with $2.04 billion and the United States with $1.66 billion were the top trading partners of Georgia … Read more