BAKU, Azerbaijan, December 24
By Tamilla Mammadova – Trend:
Georgia exported 30,419 tons of semi-finished products of iron or non-alloy steel to Turkey totaling $11.10 million from January through November 2020, Trend reports referring to National Statistics Office (Geostat).
On an annual basis, Georgia decreased the export of semi-finished products of iron or non-alloy steel to Turkey by 42,363 tons.
Over the same period last year, 72,782 tons of semi-finished products of iron or non-alloy steel were exported by Georgia to Turkey for a total amount of $27.4 million.
Turkey ranked first in Georgia’s commodity circulation in the reporting period.
From January through November 2020, total imports from Turkey to Georgia amounted to $1.25 billion. In turn, Georgia exported goods worth $171.4 million to Turkey.
The foreign trade turnover of Georgia with Turkey in the reporting period exceeded $1.42 billion, which is 14 percent of Georgia's total trade turnover.
The external merchandise trade (excluding non-declared trade) of Georgia amounted to $10.20 billion from January through November 2020, 14.6 percent lower than the same period of 2019.
The exports equaled $3.01 billion (11.3 percent lower), while the imports stood at $7.18 billion (15.9 percent lower). The negative trade balance was $4.16 billion from January through November 2020 and its share in external trade turnover constituted 40.9 percent.
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