IN Q1, GEORGIA’S LARGEST TRADE PARTNERS IN TERMS OF EXPORT WERE KYRGYZSTAN, RUSSIA AND KAZAKHSTAN
In January-March, combined share of Georgia’s 10 largest trade partner countries in total export of the country made up 79.3% (against of 80.9% for the same period of 2023), Sakstat reported (estimation).
The top three included Kyrgyzstan, Russia and Kazakhstan (instead of Armenia, Azerbaijan and Russia for the corresponding period of 2023).
IN Q1, GEORGIA’S EXPORT TO TURKEY DECREASED BY 7.4% Y-O-Y, IMPORT FROM TURKEY INCREASED BY 8%
In the 1st quarter, Georgia’s commodity export to Turkey amounted to $97.17 million, decreasing by 7.4% year-on-year, Sakstat reported (estimation). In Georgia’s total exports, this country accounted for 7.3% (6th position among Georgia’s trade partners) against of 7.2% for the same period of 2023.
IN Q1, GEORGIA’S EXPORT TO RUSSIA DECREASED BY 9.1% Y-O-Y, IMPORT FROM RUSSIA – BY 6.5%
In the 1st quarter, Georgia’s commodity export to Russia amounted to $160.77 million, decreasing by 9.1% year-on-year, Sakstat reported (estimation). In Georgia’s total exports, this country accounted for 12.1% (2nd position among Georgia’s trade partners), maintaining the share unchanged since the same period of 2023.
IN Q1, GEORGIA’S EXPORT TO CHINA DECREASED BY 51.9% Y-O-Y, IMPORT FROM CHINA INCREASED BY 9.6%
In the 1st quarter, Georgia’s commodity export to China amounted to $64.12 million, decreasing by 51.9% year-on-year, Sakstat reported (estimation). In Georgia’s total exports, this country accounted for 4.8% (7th position among Georgia’s trade partners) against of 9.1% for the same period in 2023.
IN Q1, RESIDENTIAL PROPERTY PRICE INDEX IN TBILISI INCREASED BY 13% Y-O-Y
In the 1st quarter, the residential property price index (RPPI) in Tbilisi has increased by 13% compared to the same period of 2023, Sakstat reported. If compared to the 4th quarter of 2023, RPPI has increased by 1.1%.
GEORGIAN ROADS DEPARTMENT: TUNNEL DRILLING COMPLETED ON KVESHETI-KOBI HIGHWAY
As part of the Kvesheti-Kobi road construction project, drilling of a tunnel connecting the village of Kvesheti with the village of Kobi was completed, Georgian Roads Department reported. The 15-m tunnel with a length of 9 km is the longest in Georgia, the Department noted.
GEORGIAN REVENUE SERVICE: IN Q1, 271 FACTS DETECTED OF STORAGE AND TRANSPORTATION OF TOBACCO PRODUCTS WITHOUT EXCISE MARK
In the 1st quarter, 271 cases of storage and transportation of tobacco products without excise stamps were detected, Georgian Revenue Service reported.
As the Service specified, overall, 27,527 packs of cigarettes and 160 kg of unpacked tobacco were seized in the mentioned cases.