According to the National Statistics Office of Georgia, in January-August 2020, the foreign trade turnover of goods in Georgia (excluding undeclared trade) amounted to $ 7 022.8 million, which is 16.7 percent less than the previous year. Out of this, export is $ 2 071.4 million (down by 14.7 percent), while imports amounted to $ 4,951.4 million (17.5 percent less). Georgia's negative trade balance in January-August 2020 amounted to $ 2 880.0 million, which is 41.0 percent of foreign trade turnover.
In January-August 2020, the share of the ten largest exporting countries in Georgia's total exports amounted to 77.3 percent. The largest export trio is as follows: China ($ 296.6 million), Azerbaijan ($ 284.3 million), and Russia ($ 266.0 million).
In January-August 2020, the share of the ten largest import partner countries in Georgia's total imports was 69.9 percent. The top three includes: Turkey ($ 840.7 million), Russia ($ 554.6 million), and China ($ 440.9 million)
In January-August 2020, the share of the ten largest trading partners in Georgia's total foreign trade turnover amounted to 70.4 percent. The country's largest trading partners are Turkey ($ 970.4 million), Russia ($ 820.6 million), and China ($ 737.5 million).
In January-August 2020, copper ores and concentrates took the first place in the top ten exports of commodity groups with 462.1 million US dollars, accounting for 22.3 percent of total exports. Cars take second place with $ 260.1 million (12.6 percent of total exports), and in third place are ferroalloys with 145.5 million US dollars (7.0 percent).
The largest import commodity group in January-August 2020 were passenger cars, whose imports amounted to $ 481.6 million and accounted for 9.7 percent of total imports. The second place got occupied by oil and oil products $ 325.1 million (6.6 percent of imports), and in third place are copper ores and concentrates with 312.1 million US dollars (6.3 percent of imports).
