Georgia’s foreign trade to grow by 5.5% between January and October 2024  

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**Georgia’s Increases by 5.5%**

-October 2024, Georgia’s foreign increased significantly, reaching total value of USD 19.025 billion. This represents a year-on-year growth of 5.5%.

Exports were also up, increasing by 7.4% to USD 5.468 billion. Imports grew by 4.8% to USD 13.557 billion.

Georgia’s trade deficit stood at USD 8.089 billion, making up 42.5% of its foreign trade turnover.

** Trade Partners**

The ‘s largest trading partner was Turkey, with a trade volume of USD 2.636 billion. Other major partners included Russia (USD 2.062 billion), the (USD 1.728 billion), China (USD 1.598 billion), and Germany (USD 1.084 million).

**Top Export Markets**

Most of Georgia’s exports went to Kyrgyzstan, with a total value of USD 1.048 billion. Other major export markets included Kazakhstan (USD 714 million), (USD 611 million), Russia (USD 580 million), and (USD 512 million).

**Key Exports**

The largest exported commodities were motor cars (USD 2 billion) followed by ferro-alloys (USD 311 million), spirituous beverages (USD 242 million), and wine of fresh grapes (USD 237 million).

**Main Imports**

Major imports included motor cars (USD 2.718 billion), petroleum and petroleum oils (USD 1.091 billion), medicaments put up in measured doses (USD 513 million), and telephone sets and apparatus for the transmission or reception of voice, images or other data.

Read More @ civil.ge

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