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
In January-July 2023, Georgia’s trade turnover with Turkey stood at $1,687.8 billion, Turkey ranks first among its trade partners. In January-July, Turkey accounts for 7.5% ($267 million) of Georgia’s total exports and 16.7% ($1.4 billion) of the country’s total imports. The main export goods Georgia sells to Turkey: • Medicinal products packaged – $78,299.8 thousand … Read more
Neighboring countries account for 50% of re-exports from Georgia. In particular, Sakstat reports that in January-July 2023, the volume of re-export amounted to 1.855 billion dollars, of which the products worth 926.034 million dollars Georgia “resold” to four neighboring countries. he largest volume of products was re-exported to Azerbaijan, followed by Armenia and Russia, the … Read more
External Merchandise Trade (excluding non-declared trade) of Georgia amounted to USD 12 097.6 million in January-July 2023, 18.0 percent higher year-on-year. The value of export increased by 15.7 percent reaching USD 3 575.6 million, while the import increased 19.0 percent and amounted to USD 8 522.1 million. The trade deficit equaled USD 4 946.5 million … Read more
The re-export of cars imported from the US to Russia and Belarus was prohibited from the territory of Georgia from August 1 as per the sanctions imposed by the US and the European Union, the Revenue Service announced on Wednesday. On top of that, the re-export of cars imported from the European Union to Russia … Read more