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Exports to EU Declined by 10% in January-February, Rose by 45.7% with CIS

According to Geostat, the national statistics service of Georgia, in January-February 2019, Georgia’s exports to EU declined by 10.7% and totaled about 118 million USD. At the same time, the imports with EU also decreased by 4.5% and totaled 304.2 million USD.

Unlike European Union, in January-February 2019, Georgia’s exports to CIS countries increased by 45.7% to 255 million USD. As a result, the ratio of CIS in Georgia’s total exports has risen to 50.4%. 

As to total exports, in January-February 2019, it increased by 13.2% to 505 million USD. According to Geostat, the national statistics service of Georgia, in the reporting period Georgia’s foreign trade turnover (exports-imports) made up 1.7 billion USD, including the imports constituted 1.2 billion USD. The year on year growth marked 0.1%.
Major exports markets are as follows: 

Russia – 81.3 million USD
Azerbaijan – 58.4 million USD
Turkey – 39.6 million USD.
In January-February 2019, in Georgia’s top exports items, copper ores and concentrates rank first – 78.3 million USD. Vehicles rank second with 56.1 million USD, ferroalloys rank third with 51.2 million USD.
According to Geostat, Georgia exports the following products to Turkey:
1. Copper ores and concentrates;
2. Steel Semi-finished products
3. Textile products
4. Ferroalloys

Georgia exports the following products to Russia:

1. Natural wines
2. Ferroalloys
3. Spirits
4. Packed medications
Georgia’s exports to Azerbaijan:
1. Vehicles
2. Cigars, cigarillos and cigarettes
3. Packed medications
4. Nitric fertilizers
5. Cables and wires