Georgian’s re-exports to Russia increased by 110%, by 201.5% to Armenia

21/12/2022

15:07

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Re-export from Georgia is increasing. According to the data published by the National Statistics Office of Georgia (GEOSTAT), in January-November 2022, products worth of $1,630 billion were re-exported from the country, which is almost 61% more compared to the figure (11 months of 2021 - $1,013 billion) recorded in the same period of the previous year.

Re-exports to neighboring countries have increased significantly. In particular, the re-export of the Georgian products to Russia was increased by about 110%, to Armenia - by 201.5%, to Azerbaijan - by 18.2%, and to Turkey - by 135%.

The top 5 products, which were sold to the neighboring countries in the largest number this year, is as follows:

Revenue from the re-exports to Russia amounted to $ 98,702 million in 11 months, and $ 47,058 million - in January-November 2021:

Light vehicles - $ 65,246 million
Electric water heaters - $10,073 million
Cigars, cigarillos and cigarettes made of tobacco or its substitutes - $ 6.096 million
Fresh or dried citrus fruits - $ 2.414 million
Medicinal products packaged - $ 1,512 million

In January-November 2022, Georgia "resold" the products worth of $ 38,057 million to Turkey, while in the same period of the previous year, the products worth of $ 16,178 million were sold.

Oil and oil products - $ 7,051 million
Ferroalloys - $ 4, 375 million
Molybdenum ores and concentrates -$ 3,981 million
Tractors and articulated lorries - $ 2, 976 million
Light vehicles - $ 2,504 million

Among the neighboring countries, in January-November 2022, re-exports increased the most in Armenia - by 201.5%.

Light vehicles - $112,580 million
Bulldozers, motor graders, excavators, compactors and others - $ 17,306 million
Pork fresh, chilled or frozen - $ 8.187 million
Solid residues obtained during the extraction of soybean oil - $ 7,925 million
Trucks - $ 7, 623 million

The smallest increase in the re-exports was recorded in Azerbaijan. In January-November 2022, revenue from the re-exports to Azerbaijan amounted to $ 459,046 million, while in the same period of last year it was $388,160 million.

Light vehicles - $270,260 million
Other industrial tobacco and industrial tobacco substitutes - $ 23,319 million
Oil and oil products - $ 17,541 million
Containers of paper, cardboard, cellulose fiber cotton or canvas - $17,441 million
Medicinal products packaged - $ 17,195 million US dollars