According to updated data of the National Statistics Office of Georgia on foreign trade, in January-October 2020, the share of the ten largest exporting countries in Georgia's total exports amounted to 76.5 percent. The top three largest exports are as follows: China (418.9 million USD), Azerbaijan (364.6 million USD), and Russia (351.2 million USD).
Compared to the previous year, in the first ten months of 2020, exports to China increased by 180.8%, while in Azerbaijan decreased by 10.5%, exports to Russia decreased by 14.2%, although overall these countries still share second and third places.
As for exports to other countries and their annual change, they are presented on the table.
In January-October 2020, the foreign trade turnover of goods in Georgia (excluding undeclared trade) amounted to 9,159.5 million USD, which is 15.0 percent less than the previous year's corresponding period.
Of this, exports amounted to 2 715.3 million USD (less than 11.1 percent), while imports amounted to 6 444.2 million USD (down 16.6 percent).
Georgia's negative trade balance in January-October 2020 amounted to 3,728.9 million USD, which is 40.7 percent of foreign trade turnover.
Bela Gelashvili
News Author