Turkey remained Georgia's most important trading partner in 2010, accounting for 16.5% of total trade, although this was down from the 18.4% share in 2009. Turkey absorbed 13.6% of Georgian exports in 2010, a share smaller than the 19.9% in 2009. The main reason for the reduction in exports to Turkey is Turkey purchasing a smaller share of Georgian exports of ferrous metals. In 2010 Turkey bought only 9% of this commodity, compared with 63% in 2009. In 2010 the US regained its position as the main buyer of Georgian exports of ferrous metals. Turkey continued to buy a wide variety of other products from Georgia; its most significant purchase was ferrous waste and scrap-the country accounted for 81% of Georgia's exports of this product in 2010. Turkey was the main source of imports for Georgia, selling a vast range of products including medicines, cement and domestic appliances.
Azerbaijan was Georgia's second most important trading partner in 2010, accounting for 10.6% of total trade (US$708.1m). Azerbaijan bought US$244m worth of Georgian exports, the highest figure for several years, or 15.4% of the total value. However, this figure is slightly misleading, as 43% of Georgian exports to Azerbaijan consisted of cars bought by Georgia and then resold. In addition to cars, Azerbaijan bought aircraft parts, iron bars and cattle. Azerbaijan provided Georgia with 43% of its imports of crude oil and petroleum products in 2010, and 58% of gas imports. Ukraine was Georgia's third most important trading partner. In 2010 Ukraine bought 47% of Georgian exports of ethyl alcohol and spirits, 46% of wine exports and 53% of mineral water exports. Ukraine sold Georgia a variety of goods, most importantly cigarettes, iron bars and sunflower seed oil.
Main trading partners | ||||
(trade turnover) | ||||
2009 | 2010 | |||
US$ m | % of total | US$ m | % of total | |
Turkey | 1,013.4 | 18.4 | 1,104.7 | 16.5 |
Azerbaijan | 542.1 | 9.9 | 708.1 | 10.6 |
Ukraine | 502.3 | 9.1 | 662.2 | 9.9 |
Germany | 324.4 | 5.9 | 361.8 | 5.4 |
China | 180.6 | 3.3 | 358.6 | 5.4 |
US | 260.7 | 4.7 | 353.9 | 5.3 |
Russia | 307.0 | 5.6 | 314.0 | 4.7 |
Armenia | 130.3 | 2.4 | 205.8 | 3.1 |
Bulgaria | 235.1 | 4.3 | 193.8 | 2.9 |
UAE | 127.1 | 2.3 | 187.0 | 2.8 |
Others | 1,876.8 | 34.1 | 2,228.5 | 33.4 |
Total | 5,499.7 | 100.0 | 6,678.5 | 100.0 |
Source: National Statistics Office. |
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