In January-September 2022, the foreign trade turnover of goods in Georgia (without undeclared trade) amounted to 13.6 billion US dollars, which is 35.3 percent more than the corresponding period of the previous year, the National Statistics Office of Georgia said.
Out of this, export is 4 billion US dollars (increased by 37.4 percent), and import is 9.5 billion US dollars (increased by 34.4 percent). Georgia's negative trade balance in January-September 2022 amounted to 5.4 billion US dollars, which is 39.8 percent of foreign trade turnover.
During the first 9 months of 2022, the main export market of Georgia remains the People's Republic of China (14.0 percent of exports), while the largest share of imported products (17.7 percent) comes from Turkey.
The share of the Russian Federation in foreign trade has increased.
Russia accounts for 11.5 percent of Georgia's exports, and 13.1 percent of imports. The share of the Russian Federation in the total turnover in the first 9 months of 2022 is 12.6 percent.
Products worth 473 million US dollars were exported to Russia, while in the same period, 1.24 billion worth of products from Russia were imported into Georgia.
The import of Russian products has increased by 72.8 percent compared to the data of the first 9 months of 2021.
Among the products imported from Russia, oil and oil products are on the first place, the volume of which in US dollars, during the last one year, has increased approximately 4.5 times and amounted to almost $431 million.
In addition to oil products, wheat or rye flour, coke and semi-coke, oil gasses, wheat and meslin are also included in the top five products imported from Russia.
Grape wines, ferroalloys, cars, alcoholic beverages, and mineral and fresh waters were mainly exported from Georgia to Russia.