8/12/2019 Economic Outlook and Indicators - Trade With Ukraine -
I Quarter 2014
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Monthly dynamics of the volume of export to Ukraine
Share of Major Commodity Positions by Export to Ukraine, I
quarter 2014
In March 2014, the volume of export (-33.3%; -5.1 mln.USD) as
well as the volume of import (-4.3%; -2.1 mln.USD)decreased
significantly compared to March 2013.
In the first quarter of 2014, according to the share in total
export (8%) , Ukraine is the fourth largest partner of Georgia.
According to the share in total import (6%) , Ukraine is
Georgias fifth largest partner. In 2013 Ukraine was the third
larg-
est trading partner in import (8% of total import), as well as
in export (7% of total export). This change can be explained
due to the crisis in Ukraine and extension of trade with
Russia.
Despite the crisis, Ukraine still remains one of the largest
trading partner of Georgia. it is recommended to make the
markets for export as well as imports more diversified. The
signing of the Association Agreement and its component ,
DCFTA, in 27 June 2014 will encourage these processes.
ISSUE #25 / 22.05.2014
Trade With Ukraine - I quarter 2014Economic Outlook and
Indicators
Share of Major Commodity Positions by Import to Ukraine, I
quarter 2014
Tobacco
12%
iron 7%
Oil 5%
Coke,5%
Semi-finished
products ofiron 4%
5%
Other 66%
In the first quarter of 2014, the structure of the exported
commodities to Ukraine differs from the first quarter of 2013.
The largest exported product is locomotives(39%) . The share of
mineral waters (- 5 percentage points) , alcohol ( -10),
ferro-alloy (-9) and wines (-8) in total export decreased. In
the first quarter of 2014, the structure of imported production
from Ukraine is the following : tobacco (14%),
fittings (7%), coke (6%), Semi-finished carbon steel (5%) and
chocolate (4%). Its noteworthy, that sugar and oil is no
more among the five largest imported productions from Ukraine,
while the import of oil from Russia has significantly
increased in mentioned period ( 126.9%; 1.8 mln. USD).
0
5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
mln.U
SD
2012 2013 2014
Monthly dynamics of the volume of import from Ukraine
0
10
20
30
40
50
60
70
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
mln.U
SD
2012 2013 2014
In 2014 the monthly dynamics of the volume of export has
downward trend. In March 2014, the volume of export
decreased significantly (-33.3%; -5.1 mln.USD)compared to the
indicator of March 2013, while the indicators of Jan-
uary (144.1%, 13.8 mln. USD) and February ( 148.1%, 13.6
mln.USD) were higher compared to the corresponding
indicators in January and February 2013.
In 2014, the volume of import decreased in March (-4.3%; -2.1
mln.USD), as well as in January (-4.9%; -1.7 mln. USD)
and February (-19.9%; -7.9 mln.USD) compared to the
corresponding indicators in 2013.
Locomotives
39%
Mineral
waters 17%
Alcohol 13%
Ferro-alloys
9%
Wines 9%
Other 13%
Alcohol 23%
Mineral waters
22%
Ferro-alloys
18%
Wines 17%
Nuts 7%
Other 13%
2013 Iquarter
Tobacco
14%
Fittings 7%
Coke 6%
Semi-finished
carbonsteel 5%
Chocolate4%
Other 64%
Fittings 7%
Oil 6%
Sugar 5%
Other 63%
2013 I quarter
8/12/2019 Economic Outlook and Indicators - Trade With Ukraine -
I Quarter 2014
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In the first quarter of 2014, the export of alcohol (-5.2%;-
0.4 mln. USD) as well as wine (-17%; -1 mln USD) in
Ukraine decreased significantly,which is mainly due to
the decrease of export in March.
Its noteworthy that the volume of export of alcohols
had decreasing trend in 2013 too (-7.2 %; -2. 6 mln. USD).
In the same period the volume of export of mentioned
commodities to Russia increased. In the first quarter
of 2014 the volume of export of liquoir and alcohol in-
creased to 4.8 mln USD and the volume of grape wines
increased to 33.2 mln USD.
It should be noted that the government of Ukraine is
going to increase the excise tax on the alcohol 1. As one
of the largest exported commodities from Georgia to
Ukraine is the alcohol , the increase of excise tax on al-cohol
will affect on the local producers. But the diversi-
fication of export markets will contribute to solve this
problem.
1. Ukraine - Economic situation - April 2013. U.S.-Ukraine
Business C ouncil
Dynamics of export to Ukraine for three major commodities
Share of Top Trading Partners in Total Expots, I quarter of
2014
PMCG Research | Tamar Jugeli | [email protected] |
[email protected] | +995 2 921 171 | www.pmcg-i.com
0
5
10
15
20
25
30
35
40
2 00 0 2 00 1 2 00 2 2 00 3 2 00 4 2 00 5 2 00 6 2 00 7 2 00 8 2
00 9 2 01 0 2 01 1 2 01 2 2 01 3
mln.US
D
L iq ue ur & sp ir i ts G ra pe w ines M ineral w at ers
Share of Top Trading Partners in Total Imports, I quarter
2014
In 2013, the share of Ukraine in total export was 7% ( third
place). In the first quarter of 2014 , the share of Ukraine in
total export increased (1 percentage point), but its position
changed and became fourth largest partner of Georgia.
While Russia s position is third place.
In 2013, the share of Ukraine in total import was 8% (third
place). In the first quarter of 2014 its share decreased (-2
percentage points) and became 6% (fifth place).
Basic Economic Indicators III12 IV12 2012 I 13* II 13* III 13*
IV 13* 2013*
Nominal GDP in current prices (mln USD) 4129 4332.2 15 846.8
3487.6 3958.4 4120.3 4552.9 16126.4
Per capita GDP (USD) 918 963.2 3 523.4 777.8 882.8 918.9
1015.43596.6
GDP real growth, percent 7.50% 3.0% 6.2% 2.4% 1.5% 1.4% 7.1%
3.2%
Consumer Price Index (annual average) 99.1 99.5
Foreign Direct Investment (USD) 199 233.7 911.6 226.2 232.4
238.7 217.1 914.4
Unemployment Rate - 15%
External Public Debt (mln USD) - 4739 4202
Poverty Level (registered) - 9.7%
Source: National Statistics Office of Georgia
Ministry of Finance of Georgia
National Bank of Georgia
Comtrade.com
* projected
Azerbaijani
21%
Armenia 11%
Turkey7%
Other
countries 43%
Azerbaijan
24%
Armenia
11%
Ukraine
7%Russia
7%Turkey
6%
Rest of the World
45%
2013
Turkey
17%
Azerbaijan
8%
Ukraine
8%
Russia
7%China
7%
Other
53%
2013
Turkey
17%
Azerbaijan
10%
Chian
9%
Other countries
51%
