China regains slot as Georgia's top trade partner

China regains slot as Georgia's top trade partner

access_time2021-04-19 13:00:41

In January-March, exports increased by 5.2% compared to the same period of last year and amounted to $ 821 million, but declined  by 1% compared to the first quarter of 2019. A sharp 30.6% increase was recorded in March, but compared to  2019 a slight 0.5% increase was observed.

After a short pause, China regained slot first as Georgia’s  top exporter with $ 110 million, copper ores were  the main export commodity with a share of $ 84 million. Exports of copper ores, aluminum and wine have also increased. Despite exports growth, wine accounts  less than 2.5% in the total export  commodities  to China.

A Free Trade Agreement (FTA) between China and Georgia took effect on January 1, 2018. It means that around 94 per cent of Georgian products will be free from customs duty while Georgian services and commodities will enter a 1.4 billion-person market.

 


China is one of Georgia’s biggest trade partners, and exports have increased year by year.

 

 


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