17:26 GMT +322 February 2019
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    TBILISI, January 2 (RIA Novosti) - Within 11 months Georgian foreign trade turnover increased in comparison with 2002 by 37.2% and was estimated at $1,330 mln. The rate of import growth reached 142.7% and of the export growth - 125.8%.

    The sharp growth of import is determined mainly due to the deliveries from the EU countries of building materials and equipment for the construction by the international consortium of the oil pipeline "Baku-Tbilisi-Ceyhan (Turkish port in the eastern part of the Mediterranean Sea)", Information Agency "Novosti/Georgia" reports. (Until the present time, the so-called "early oil" was delivered from the Azerbaijani deposits in the Caspian area by Russian company Transneft via northern route Baku-Makhachkala-Grozny-Novorossiisk.) As in financial figures the import volume was estimated at $937 mln, and export - at $393 mln. The negative trade balance equaled $544 mln. CIS countries accounted for the 22.6% of the total trade gap volume in Georgia.

    The major trade partners of Georgia are Russia, Turkey, Great Britain, Azerbaijan, Ukraine, Germany and Turkmenistan.

    The Georgian imports mostly consist of pipes and equipment for pipelines, oil and oil products, medicine, cars, cigarettes and sugar.

    Georgia mostly exports iron-and-steel scrap, wine, sugar, ferroalloys, copper alloys and concentrates, mineral waters.

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