Georgia's Foreign Trade Surges by 18% in First Half of 2023
Georgia's foreign trade turnover for the first half of 2023 amounted to $12 billion 105.5 million. The growth compared to the same period in 2022 amounted to 18%.
Exports amounted to $3 billion 583.4 million (+15.9%), and imports - $8 billion 522.1 million (+19%). The largest trade partners of Georgia are Turkey ($1 billion 687.8 million), Russia ($1 billion 503.7 million), USA ($1 billion 023.1 million).
Re-exports of automobiles remained the leading item of Georgia's foreign trade in the first half of 2023. Cars occupy the first line in both exports and imports. It is 32.9% of all exports at $1.18 billion and imports - 19% at $1.62 billion.
In the first half of the year, the new restrictions on exporting American and European cars to Russia were not yet in effect. In the first six months of 2023, $53 million worth of automobiles were sold through Georgia to Russia.
See Also
Pashinyan and Mirzoyan Visit Georgia for Talks on Strategic Cooperation
Armenian Parliament Debates Transport Issues, Regional Projects, And Security Policy
Armenia Warns That Iran Tensions Are Negatively Affecting South Caucasus Development
Bulgaria Secures Nearly 40% Of Gas Demand Through Azerbaijan Deal