Exports from Georgia to the EU declined, while exports to the CIS reached a historic high
Georgia has been actively trading with the countries of the European Union for a long time. In 2014, the country even became part of the EU free trade area. Since then, the European Union has been Georgia's largest trading partner. At the same time, there was a progressive increase in trade between the EU countries and Georgia, and, conversely, it was decreasing with the CIS countries.
According to some data, the EU countries accounted for more than 25% of Georgia's trade turnover. At the same time, the countries of the Commonwealth of Independent States accounted for less - about 22%.
However, according to the data provided by the Georgian specialized press, this year the export of goods from Georgia to the EU countries has become significantly lower than it was a year ago. Thus, in the first two months of 2023, about $116 million worth of goods were exported from Georgia to the EU, which is 12,6% of Georgian exports. At the same time, it is noted that in January-February last year, Georgian exports to the EU countries accounted for about 21% of the total volume and amounted to almost $160 million. Thus, in monetary terms, exports to the EU decreased by more than a quarter, and in percentage terms - by almost half.
And over the same period, exports from Georgia to the CIS countries, on the contrary, increased significantly. In the first months of this year, it reached a historic high and amounted to more than 530 million dollars, which is more than 200 million dollars or almost 40% more than last year.
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