This year, Georgia’s trade turnover with India, one of the world’s fastest growing economies , decreased by 7%. The decrease comes at the expense of imports, while exports increased by 114%.
Trade
The trade turnover between Georgia and India decreased by 7% in 8M2024 amounting to USD 86.3 million. Of which, the exports amount to USD 23 million, while imports stand at USD 62.7 million.
Exports from Georgia to India up by 114%.
TOP-5 Exporting Products:
1. Mineral, chemical and nitrogen fertilizers – $17.1 million;
2. Cigars and cigarillos – $2.9 million;
3. Copper waste and scrap – $1.6 million;
4. Equipment for the industrial production of food products or beverages – 597 thousand;
5. Aluminum waste and scrap – $321.8 thousand.
Imports from India decreased by 23.3%.
TOP-5 Importing Products:
1. Packaged medicines – $14.3 million;
2. Bulldozers, motor graders, excavators, compactors and others – $5.2 million;
3. Telephone sets – $4.9 million;
4. Metal structures made of ferrous metals and their parts – $4.2 million;
5. Rice – $2.9 million;
In the reporting period, the maximum trade turnover between India and Georgia was recorded in 2023 amounting to USD 92.8 million.