Car re-export tops Georgian export
31 March, 2011
Car re-export tops Georgian export

Georgian foreign trade [non-organized trade excluded] accounted for USD 1137 million in January-February of 2011, which translates into 40% of growth compared to the data of similar period of 2010, Georgian statistics organization informs.

Out of this figure export makes up USD 294 million [36% of growth] and import amounts to USD 843 million [41% of growth].

 


The negative trade balance in the reported period accounted for USD 549 million which by 44% exceeds the data of similar period of 2010. Trade

turnover with the EU countries accounted for USD 293 million in January of 2011 that exceeds the data of past year by 40%.
USD 60 million out of the figure is export [by 14% more] and USD 233 million is made by import [49% growth compared to the January-February of 2010].
Share of EU countries make 26% in entire foreign trade turnover of Georgia including 20% in export and 28% in import [the similar data equaled to 26%, 24% and 26% respectively in January-February of 2010].  And 32% of trade deficit of Georgia comes with the EU countries [it was 27% in 2010].
Countries of the Commonwealth of the Independent States (CIS) make USD 375 million in Georgian foreign trade turnover [it by 46% exceeds the similar data of 2010]. USD 105 million out of the figure comes to export [49% of growth] and USD 270 million is import [45% of growth].
Share of CIS countries in Georgian foreign trade cuts 33% including 36% in export and 32% in import [data of similar period of 2010 were 32%, 33% and 31% respectively]. CIS countries make 30% of Georgian trade deficit [it stood at 30% in 2010].
Top ten trade partners of Georgian made 65% of its entire trade turnover in this past January. Turkey [by USD 183 million] is top trade partner, Azerbaijan [making USD 116 million of Georgian trade turnover] is a runner up, and Ukraine [by USD 110 million] is number three top trade partner. 
First ever in Georgian history cars lead the list of top ten product exported by Georgia. It became possible thanks to intensified re-export of cars implemented through Georgia from the west to east. Car re-export made USD 53 million that makes 18% of the entire export.
“We do not produce cars but we became kind of hub for motor car re-export,” Vera Kobalia, Minister of Economy of Georgia, accentuated during her report made at parliament on March 22, 2011. Although she acknowledged that Georgian trade deficit is quite big and irrespective reforms undertaken by government the country is still heavily import-dependent that makes Georgia vulnerable to price hike at international market. 
Ferro-alloy that topped the export list traditionally for many years is moved to the second place by making USD 45 million that cuts 15% of the entire export figure. Ferrous waste and scrap kept its third position by making USD 26 million of the total trade that translates into 9%. 
Oil and oil products top the list of major ten imported commodities of 2010. Its share in the total import accounted for USD 96 million that equals 11%. Oil gas and gas-like took the second position by USD 63 million that makes 7% of the total import.
Motor car is number three by 6% and USD 52 million.

 

Print
Other Stories
Georgian citizens are granted the right to work in France
The French Embassy in Georgia made remarks on granting Georgian citizens the right to work in France
The New York Times: Bitcoin declines but Georgia still bet on it
The New York Times has recently published an article about reasons, challenges and causes of generating Bitcoin in the former Soviet country Georgia.
EU to allocate € 13 billion for Eastern Partnership countries, including Georgia
The European Union together with the World Bank plans to allocate investment worth € 13 billion for infrastructure projects in the Eastern Partnership countries.
Anaklia Port and its importance for Georgia
In 2016, Anaklia Development Consortium was authorized to launch the construction of Anaklia Port.
Cryptocurrency mining threatens electrical network in Abkhazia
In the breakaway region of Akbhazia rampant cryptocurrency mining is threatening the shaky electrical network, reports an article of the news portal EuroNet.
Caucasus Wine University to be opened in Gurjaani
In the Kakheti region a new viticulture campus of the Caucasus University is in the process of planning.
Photos describing life of the poorest in Georgia
Fight with poverty should be among top priorities of every government in every country.
Training farmers to rescue the organic hazelnut production in Georgia
Even drizzling rain and unpleasant gusts of wind can’t prevent the farmers from coming and participating in the agricultural training.
Bleak times for organic farmers in Georgia – but there is hope
Organic hazelnut production is a delicate plant in Georgia that has emerged just a couple of years ago. Various pests, among them the Asian stink bug Parosana, trouble hazelnut farmers and menace their livelihood – even before their businesses could really take off.
Hybrid car imports are going through the roof in Georgia
Thanks to their fuel economy, the popularity of hybrid cars is increasing in Georgia, where fuel affordability is low and prices for fuel are unstable.
The New Year offer from MAQRO Construction - Apartments with unbelievable discounts and the parking spaces for FREE!
Location, green yard, spaces for various needs, experience of the construction company and parking space are the main important criteria for potential buyers of apartments.
Interview with the co-founder of Kiwi Vegan Café – the first vegan place in Tbilisi
Behind the Kiwi Vegan Café stands a group of activists who wants to raise Georgian’s awareness for animal rights and welfare.
Biblusi opens first shop for tourists - Georgian
The largest book shop in Georgia Biblusi opens the first shop specially designated to the needs and interests of tourists and named it Georgian.
Georgia improves by five ranks in the Prosperity Index
In the overall Prosperity Index rankings, Georgia has climbed by 5 positions from 85 to 80 when compared to last year. As such, Georgia is the best performing country in the CIS zone.
The future is bright for electric cars in Georgia
The numerous hybrid cars in the streets of Tbilisi cannot be overlooked. Entrepreneur Sulkhan Gvalia calls them “pagers”, referring to the predecessor of mobile phones.
Georgia’s fight against the big tiny enemy – Asian Parosana
It’s a tiny creature, but the harm it did to the Georgian agriculture sector was and still is immense.
New cable route: from Kobi to Gudauri in 15 minutes
On the 15th of December, cable transport is scheduled to be opened connecting Kobi and Gudauri.
Tourist boom in Gudauri – majority of hotels are booked by foreigners
Gudauri is among the most popular winter resorts in Georgia.
Medical tourism increases in Georgia
In the last 9 months, Georgia was visited by 19 500 foreigners for medical and recovery purposes.
Doing business in Georgia has become easier than in America
According to the Doing Business 2019 report published by the World Bank, Georgia ranked 6th among 190 countries in terms of simplicity of doing business. This was an improvement over two ranks compared to last year.
Problems that foreigners frequently face in Georgia
The importance of Georgia as a tourism hub is growing year after year.
Tbilisi TV Broadcasting Tower – Better than the Eiffel Tower?
It is planned to renovate the Tbilisi TV Broadcasting Tower, one of the landmarks in the capital.
Georgian Fusion Menu by The Biltmore Hotel Tbilisi
5,895,914 international visitors have visited Georgia between January and August of 2018. Compared to the previous year the number has increased by 12.2 per cent.
Advertising of gambling and lucrative games may become banned in Georgia
Advertising of gambling and lucrative games may become banned in Georgia. Those who violate the new rule would be fined GEL 10 000.
Lebanese café-lounge Beirut opens in Tbilisi
What is necessary to organize an unforgettable event? – Fun, emotions, lots of surprises, good music and delicious menu.
PHOTO OF THE DAY
GEL Exchange Rate
Convertor
17.02.2019
18.02.2019
USD
1
USD
2.6413
2.6413
EUR
1
EUR
2.9791
2.9791
GBP
1
GBP
3.3851
3.3851
RUB
100
RUB
3.9608
3.9608
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
USD
1
USD
2.6413
EUR
1
EUR
2.9791
GBP
1
GBP
3.3851
RUB
100
RUB
3.9608
February 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28