Georgia 2022 Exports Up 31.8% From Strong China and Russia Demand

Posted by

Batumi Port City, Georgia

Georgia exported locally produced goods worth US$5.59 billion in 2022, a 31.8% increase year-on-year, according to preliminary data from the Georgian National Statistics Office.

Georgia’s top trading partners were:

China – US$694.8 million

Russia – US$536.1 million

Bulgaria – US$419.9 million

Georgian exports received a boost due to handling parallel imports from Europe into Russia, as well as improved trade connectivity with China via overland routes via Azerbaijan and Kazakhstan. Bulgaria was a major export route into the EU markets.

The five largest domestic export goods from Georgia last year were as follows:

Copper ores and concentrates – US$1.02 billion (27.7% of total exports)

Ferro-alloys – US$453.3 million (12.2%)

Nitrogenous fertilisers – US$281.4 million (7.6%)

Wine from fresh grapes – US$251 million (6.8%)

Natural or artificial mineral and aerated waters – US$111 million (3%)

Last year Georgia’s total trade turnover amounted to US$19.04 billion, posting a 32.8% increase year-on-year. Georgia’s imports also grew by 33.2%, amounting to US$13.45 billion last year, with neighboring Turkiye accounting for US$2.80 billion, and Russia up to US$2.48 billion, with China at US$1.86 billion being in the top three places.

Georgia has Free Trade agreements with countries of Commonwealth of Independent States (CIS) and Turkey. Georgia signed a Free Trade Agreement (FTA) with China in 2017, and in 2018, it signed an FTA with Hong Kong. The EU has granted Georgia GSP+ treatment, with duty free treatment for more than 7,000 products.

Georgia has become a regional hub for supplying imports into Russia from Western brands and third-party resellers that have exited the Russian market. These types of exports are not noted in EU trade figures to Russia, yet they will account for a considerable part of Russian trade, especially in the high-end luxury categories of clothing, consumer products in both food and wine, and white goods as well as luxury automobiles.

Related Reading


About Us
Silk Road Briefing is written and produced by Dezan Shira & Associates. As global geopolitics change the way supply chains are developing, we provide regional analysis of the emerging trends and where opportunities for foreign investors are. Our firm provides market research and intelligence for issues affecting all the Belt and Road Initiative countries with assistance from our wide business network of over 100 regional offices. To learn more about how we can help your business evaluate the changing dynamics, email us at or visit