Georgia's trade turnover with Armenia reaches record high in the first half of 2021

Trade turnover between Georgia and Armenia has reached a record high in the first six months of 2021 and amounted to $ 332.4 million. This is significantly higher than the 2020 ($ 283.4 million)and 2019 ($ 281.9 million) figures.

In particular, compared with the year of the pandemic, trade in the first two quarters of 2021 increased by 17.2%, and compared to the year before the pandemic, it increased by 17.9%.

Exports to Armenia this year amounted to $ 101 million and imports to $231.3 million.

Georgia’s exports to Armenia in January-June 2021:

1. Meat, fish, and crustacean meal – $5.4 million
2. Ethyl denatured alcohol and spirits – $4.6 million;
3. Ferrous metal structures – $3.9 million;
4. Nitrogen, chemical fertilizers – $3.9 million;
5. Pressed sawdust slabs – $3.3 million;
6. Electricity – $3.3 million;
7. Prepackaged drugs – $3.2 million
8. Bulldozers, motor graders, excavators, rollers, etc. – $3.2 million;
9. Oilcake and other solid waste – $3.1 million;
10. Citrus fruits fresh or dried – $2.4 million

Georgia’s imports from Armenia in January-June 2021:

1. Copper ore and its concentrate – $198.7 million;
2. Semi-finished carbon steel products – $7.5 million;
3. Glass jars and bottles – $6.5 million
4. Cigars and cigarillos – $3.9 million
5. Carriage produce or plastic packaging – $969.9 thousand:
6. Plastic construction parts – $943 thousand;
7. Packaged medicines – $ 859.1 thousand;
8. Undenatured ethyl alcohol – $ 778.9 thousand;
9. Undenatured ethyl alcohol with an alcohol concentration of less than 80%, alcoholic beverages – $750 thousand;
10. Sausages and similar products from meat, meat offal or blood – $668.9 thousand.

• Armenia to receive substantial financial assistance from the EU
• 21.3% of Georgia’s population lives below the poverty line

On July 29-30, the Minister of Economy of Armenia Vahan Kerobyan was on an official visit to Georgia. He held meetings with Georgian Economy Minister Natia Turnava and Agriculture Minister Levan Davitashvili. The discussion centered around the development of the potential for trade and economic relations between the two countries.

“Individually, we have relatively small markets, but together we are becoming much more attractive in the regional context”, said Economy Minister Natia Turnava after meeting with her colleague.

Agriculture Minister Levan Davitashvili also said that Georgian and Armenian business sectors will join forces to use free trade agreements to provide Georgian and Armenian companies with access to new markets.