Galt & Taggart noted in this week’s review that 5.2% of Georgia’s exports go to the European Union and 69.5% are sent to CIS countries.
“5.2% of exports went to the European Union (-29.9% y/y), 69.5% to the CIS (+37.2% y/y) and 25.3% to other countries (+33.9% y/y),” they noted.
“Further, imports into Georgia rose 7.2% year-on-year to $1.4 billion, following a 5.7% decline in the previous month. As a result, the trade deficit decreased by 7.8% year-on-year to 735.7 million USD in July,” the report continues.
“In July 2024, cars (+38.4% y/y), ferroalloys (+37.1x y/y), alcohol (+98.6% y/y), wine (-26.5% y/y) carbonated drinks (+103.0% y/y) y) were the top 5 exported goods.”
ABOUT CIS
By Mariam Mtivlishvili