Georgia's foreign trade turnover continues decreasing

Georgia's National Statistics Service ("Sakstat") has reported a 1.8 per cent decline in foreign trade turnover for January-June 2024 compared to the same period last year, totaling $10.3 billion (excluding informal trade).

During the reporting period, imports into the country amounted to $6.2 billion, marking a 0.7 per cent increase compared to the first half of 2023, Caliber.Az reports with reference to Georgian media.

Georgia’s foreign trade turnover in January-June 2024

Exports totaled $2.8 billion, reflecting a 6.7 per cent decrease compared to the same period in 2023.

Türkiye holds the top position among Georgia's key trading partners, with foreign trade turnover reaching $1.5 billion in January-June 2024, comprising 14.8 per cent of Georgia’s total trade volume.

Georgia’s top five biggest trading partners in January-June 2024:

Among Georgia's top ten trading partners in January-June 2024 are Germany, Kyrgyzstan, Kazakhstan, Armenia, and Italy.

Azerbaijan and Georgia share a historically strong and strategic relationship, marked by extensive cooperation in various fields including energy, transportation. Geopolitically, both countries have maintained close ties due to their shared borders and mutual interests in regional stability and economic development. This relationship is underscored by joint projects such as the Baku-Tbilisi-Ceyhan oil pipeline and the Baku-Tbilisi-Kars railway, which enhance connectivity and trade routes between Europe and Asia via the South Caucasus region.