Georgia’s foreign trade turnover has grown significantly after the West imposed sanctions against Russia
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According to data According to the government statistics agency, in 2022, the country’s foreign trade turnover amounted to $19.043 billion, which is 32.8% more than in 2021.
Particularly noteworthy is the unprecedented growth in exports, by 31.8% – $ 5,592 billion this year. At the same time, imports also increased, to $13.45 billion, which is 33.2% more than last year.
Trade turnover significantly exceeded all “pre-pandemic” indicators:
- 2021 – $14.34 billion;
- 2020 – $11.39 billion;
- 2019 – $13.31 billion
In December 2022, Georgia exported a record amount of goods worth $555.8 million. This is 32% or $136 million more than in December 2021.
Imports in December amounted to $1.37 billion, up 31%.
It should be noted that, according to the practice adopted in Georgia, re-export is considered a part of export and is subject to general statistics. Re-exports in Georgia especially increased last year after the start of the military operation in Ukraine and the imposition of Western sanctions against Russia.
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