Trans-Caspian Transport Route Sees Double Growth of Traffic Volume in 2022

The volume of freight traffic in Kazakhstan along the Trans-Caspian International Transport Route (TITR) increased by 2.5 times and reached 1.5 million tons in 2022, according to the Kazakhstan Temir Zholy (KTZ) national railways company press service. The TITR international association met on Feb. 8 in Almaty to address the cargo flows through the TITR, … Read more

Georgian external trade up 29% in January 2023

The value of exports rose by 38.5 percent and equalled $459 million, while imports also grew by 25.2 percent, amounting to $1 billion in 2023. Georgian external trade turnover amounted to $1.46 billion in January 2023, posting a 29.1 percent increase year-on-year, the Georgian National Statistics Office revealed on Monday. The value of exports rose … Read more

An increase by 95.5% has been attained by Georgia’s garlic imports.

The National Statistics Office reports that 2,845.45 tons of garlic were imported by Georgia in 2022 and 1,455.40 tons in 2021. Garlic worth $1,687.41 million was brought by the country in 2022, while in 2021 imports amounted to $ 804.09 thousand.
The biggest amount of garlic in the last 13 years was bought by the country during the pandemic in 2020. According to Sakstat, Georgia imported a record amount of garlic (2,845.45 tons) in 2020.
45% of the total garlic imports in 2022 are accounted for China. Georgia imported 1,278.90 tons of garlic worth $ 777.78 thousand from China last year.
533.65 tons of garlic (19% of the total imports) made Turkey the second largest garlic importing country.

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The volume of the trade turnover between Georgia and the USA

A 6.3%-share makes the United States of America one of the TOP-5 largest trading partners of Georgia.
According to official statistics, during 2022, Georgia-USA trade turnover amounted to USD 1 billion 206 million. Trade between the countries increased by 43.1% compared to the same period in 2021.
78% of the total trade turnover with the USA accounts for imports, while 22% – for exports.
USD 941.3 million was spent this year by Georgia on American goods (45.2% increase compared to the previous year).
The largest part in the imports was taken by the share of light vehicles (88.5%).
Cars (USD 833.2 million), meat and poultry products (USD 7.7 million, 7 471 tons), other goods (USD 6.7 million), used clothes and products -(USD 6.1 million, 440 tons), transmitting radiotelephone equipment (USD 5.8 million, 3 tons), liquid crystal devices (USD 4.9 million, 10 tons), nuts (USD 4.8 million, 1 765 tons), frozen fish (USD 4.8 million, 2 405 tons), food products (USD 4.5 million, 114 tons), oilcake and other solid waste (USD 4 million, 7 234 tons) were top-10 importing commodities.
USD 265 million was earned by the country on exports of goods in the USA in 202 (a 36.2% increase compared to 2021).
Ferroalloys (USD 232.6 million, 102 185 tons), diodes, transistors and similar semiconductor devices (USD 6.8 million, 838 tons), natural grape wines (USD 5.2 million, 1,039 tons), fruit and vegetable juices (USD 2.7 million, 1 809 tons), pipes, tubes and hollow profiles, seamless, made of black metal (USD 1.9 million, 1 253 tons), aircraft parts (USD 1.7 million, 5 tons), non-denatured ethyl alcohol (USD 1.6 million, 660 tons), furniture and its parts (USD 1.5 million, 347 tons), products for transportation of goods (USD 1.3 million, 438 tons), mineral and fresh waters (USD 1.2 million, 2 123 tons) were top-10 exporting commodities.

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Grain initiative: Ukraine’s agricultural exports drop by 25% compared to previous month

Due to the actions of the Russian side, which blocks ship inspections in the Bosphorus, in January the world received 25% less Ukrainian agricultural products than in December. As the Ministry of Infrastructure of Ukraine posted on Facebook, 77 ships exported 3 million tonnes of agricultural products from the ports of Odesa region to the … Read more

Egypt to import wheat from Serbia, Romania

Egypt has reached an agreement to import wheat from Serbia and Romania through the port of Constanta, and is conducting discussions with the European Investment Bank (EIB) on financing the construction of a large field silo in Damietta’s port, a statement by the Egyptian Supply and Internal Trade said on Wednesday. The agreement was announced … Read more

Kazakh PM suggests EAEU countries switching to cross-border e-document flow

It is necessary to create all conditions to develop and disseminate cross-border electronic document flow within the Eurasian Economic Union (EAEU), Prime Minister Alikhan Smailov of Kazakhstan said Friday, Kazinform correspondent reports. While addressing the Digital Almaty Forum, Prime Minister Smailov noted Kazakhstan is working to switch to e-transport documents in order to create favorable … Read more

HOW MUCH WAS TRADE TURNOVER BETWEEN GEORGIA AND THE USA?

The United States of America is among the TOP-5 largest trading partners of the country and ranks fifth with a 6.3%-share. According to official statistics, during 2022, Georgia-USA trade turnover amounted to USD 1 billion 206 million. Trade between the countries increased by 43.1% compared to the same period in 2021 and hit a rate … Read more

Azerbaijan’s export of non-oil products increases by more than 12%

Azerbaijan’s export of non-oil products has risen by over 12%, said Economy Minister Mikayil Jabbarov. The measures to diversify economy and increase the export potential resulted in increase of the non-oil products export in 2022 year-on-year to 3 billion 48 million dollars, the minister added. In 2022, total exports of Azerbaijan amounted to 38.1 billion … Read more