Page 23 - GEORptFeb22

Georgia’s foreign trade up 25.6% in 2021
goods: $457mn in 2021.
The exports of ferroalloys nearly doubled (+94% y/y) to $477.5mn and they were entirely domestic exports.
The category of goods with the largest share in Georgia’s exports was that of copper ores and concentrates – $815.4mn (+4.7%), entirely domestic exports. Wines are the third-largest export category for Georgia and in 2021 the country marked another record: $239mn total exports, out of which $238mn were domestic exports (+13.7% y/y).
The exports of nitrogenous fertilisers also increased at a high rate, by 65.4% y/y to $119.5mn in 2021, recovering from a temporary decline in 2020. Compared to 2019, Georgia’s exports increased by 11.7%, and its imports by 5.8%, while the trade gap has widened by only 2.0%.
Notably, domestic exports advanced by 34.5% compared to the last pre-crisis year, at a pace three times faster compared to the total exports.
Georgia's foreign trade increased by 25.6% in 2021, according to preliminary data released by Geostat.
Georgia’s total trade for 2021 stood at $14.316bn, comprising exports of $4.242bn (a 26.9% increase y/y) and imports of $10.073bn (a 25.1% y/y growth).
23 GEORGIA Country Report February 2022 www.intellinews.com