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Georgia's Foreign Trade in H1 2011
Civil Georgia, Tbilisi / 25 Jul.'11 / 17:22

Georgia’s foreign trade in the first six months of 2006-2011. All figures in millions of US dollars. Source: Geostat

Georgia's foreign trade turnover grew 38% year-on-year to USD 4.117 billion in the first half of 2011 with the trade gap widening to over USD 2 billion - up by 36% y/y, state statistics office, Geostat, said on July 25.

Export amounted to slightly over USD 1 billion in January-June, up by 44% y/y and import was USD 3.07 billion up by 36% over the same period of the last year.

Turkey remains Georgia largest trading partner with USD 671.4 million in the first half of 2011, followed by Azerbaijan - USD 442.3 million; Ukraine – USD 424.6 million; China - USD 241.5 million; Germany - USD 211.7 million; U.S. - USD 174.1 million; Kazakhstan – USD 167.8 million; Russia - USD 160.4 million; United Arab Emirates - USD 138.2 million; Bulgaria - USD 130.7 million.

Kazakhstan is the only country among Georgia’s top ten trading partners with which Georgia has a positive trade balance.

In overall from 128 countries Georgia traded with in the first half of 2011 it has positive balance only with 19 countries, according to Geostat figures.

Re-export of cars amounted to 23.7% of the country's total exports in the first half of 2011 with USD 246.1 million, followed by ferroalloys with USD 122.3 million (making its share in total export 11.8%); scrap metal - USD 80.1 million (7.7%); nitrogen fertilizer - USD 73.5 million (7.1); raw or semi-processed gold – USD 57.1 million (5.5%); copper – USD 45.6 million (4.4%); reinforcing bar for construction (rebar) – USD 34.1 million (3.3%); scrap copper – USD 27.6 million (2.7%); mineral waters – USD 25.8 million (2.5%).

Oil products topped the list of imports totaling USD 374.1 million making its share in total imports 12.1%; followed by cars with USD 170.5 million (5.5%); hydrocarbons - USD 143.4 million (4.7%); medicines - USD 95.1 million (3.1%); wheat - USD 82.1 million (2.7%); mobile and other wireless phones - USD 61.7 million (2%); metal construction materials – USD 45.7 million (1.5%); cigarette – USD 37.9 million (1.2%); cargo trucks - USD 32.5 million (1.1%); sugar – USD 32.1 million (1%).

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