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Trade_August
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EconomicOutlook and Indicators
Issue #8www.pmcg-i.com
M20.08.2013
In June 2013, the volume of import reduced compared tothe
corresponding indicator of June 2012 (-4.7%), as well asin
comparison with the indicator of May 2013 (-9.3%).
In June 2013, the volume of export increased in compari-son with
the indicators of June 2012 (30.9%), as well as incomparison with
the indicator of May 2013 (8.6%). The vol-ume of export increased
due to increase of export of: Copperores and concentrates (940%),
Semi-nished products of iron ornon-alloy steel (712%) and
Ferro-alloys (108%).
In the period of 2010-2013 export as well as import vol-umes
were characterised by monthly uctuations.The ampli-tude of those
uctuations is higher in case of import com-pared to the case of
export.
In the second quarter of 2013, the dynamics of external
tradeturnover is similar to the dynamics of the same indicator
inprevious years.
In the second quarter of 2013, the dynamics of external
tradeturnover was 2568.2 mln.USD, which is lower (-1.2%) than
thecorresponding indicator of previous year, but it exceeds
thecorresponding indicator of the rst quarter 2013 (19.7%).
In the second quarter of 2013, the share of export in
externaltrade turnover increased (26%) compared to the
correspondinggure in 2012 (23%),but the share of import in total
trade isreduced (74%) compared to the corresponding gure in
2013,but is similar to the corresponding indicator of the rst
quarter2013.
In the second quarter of 2013, the dynamics of export as
well
as import is similar to the dynamics of corresponding
indicators
in the previous years.
In the second quarter of 2013, the volume of export
increased
(11.5%), but the volume of import reduced (-5%), in
comparison
with the corresponding indicators of the second quarter of
2012.Total export increased due to increase of export of: mineral
wa-ters (51.9%), Copper ores and concentrates (91.7%) and
natural
wines of grape (29.8%).
Similar to the rst quarter of 2013, Georgia recorded
negativetrade balance in the second quarter of 2013 (-1226.9
mln.USD),
which was 48% of external trade turnover.
In this period the decit of external trade balance reduced
(12%)compared to the second quarter of 2012, but increased (21%)
in
comparison with the same indicator of the rst quarter 2013.
External Trade
24% 26% 22% 24% 24% 23% 23% 23% 26% 26%
76% 74% 78% 76%76% 77%
77% 77% 74% 74%
0
500
1000
1500
2000
2500
3000
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2011 I II III IV 2012 I II III IV 2013 I II
ExternalTrade
Turnover.mln.U
SD
Share
Share of Export and Import in External Trade Turnover
Export Import External Trade Turnover
-1600
-1400
-1200
-1000
-800
-600
-400
-200
0
0
500
1000
1500
2000
2500
2011 I II III IV 2012 I II III IV 2013 I II
mln.U
SD
mln.U
SD
External Trade Balance
Extern al Trade Bal anc e Exp ort Imp ort
0
100
200
300
400
500
600
700
800
900
1,000
2010Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2011
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2012Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2013Jan
Feb
Mar
Apr
May
Jun
mln.U
SD
Export and Import Monthly Dinamics,20102013 ImportExport
7/27/2019 Economic Outlook and Indicators_External
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Contact Information
-2-
Source: National Statistics Ofce of Georgia, Ministry of Finance
of Georgia,National Bank of Georgia
*projected
PMC Research
Tamar Jugheli
E-mail: [email protected]: [email protected]
T: (+995) 2 921171
www.pmcg-i.com
EconomicOutlook and Indicators
Issue # 8www.pmcg-i.com
External Trade M20.08.2013
Basic Economic Indicators 2011 2012 I12* II12* III12* IV12* I
13*
Nominal GDP in current prices (mln USD) 14 438 15829.7* 3388.3
3918.3 4156.1 4367.6 3487.6
Per capita GDP (USD) 3 230.7 3519.6* 753.4 871.2 924.1 9 71. 1 7
77. 8
GDP real growth, percent 7.20% 6.1%* 6.70% 8.20% 7.50% 2.80%
2.40%
Consumer Price Index 8,5% -0.9%*
Foreign Direct Investment (USD) 1 117 911.6 261.2 217.7 199
233.7 226.2
Unemployment Rate 15.10% 15% - - -
External Public Debt (mln USD) 4200.5 4357.1 - - -
Poverty Level 9.20% 9.7%* - - -
In the rst two quarters of 2013, top ve trading partner
countries by export were: Azerbaan (27%), Armenia (11%), Unit -ed
States (7%), Turkey (7%), Ukraine (6%) and ve major exported
commodities were: motor cars (26%), ferro-alloys (10%),
fer-tilizers (4%), copper ores (4%), mineral waters (4%). Based on
the fact that cars were not local production and were just
re-ex-ported through Georgia, Ferro-Alloys can be considered to be
the major exported commodity in the rst two quarters of 2013.
In this period, the top three trading partners by turnover were:
Turkey, Azerbaan and Ukraine.The major commodities export-ed in
Turkey were: knitted T-shirts,semi-nished products of iron or
non-alloy steel, ours, meals and pellents unt for human con
-sumption.The major commodities exported in Azerbaan were: motor
cars (re-export), live bovine animals, cement, ttings. The ma -
jor commodities exported in Ukraine were: mineral waters, ethyl
alcohol and alcoholic beverages, natural wines of grape and
Ferro-Alloys.
In the rst two quarters of 2013, the top ve trading partner
countries by import were: Turkey (17%), China (8%), Azerbaan (8%),
Ukraine(8%), Russia (7%) and ve major imported commodities were:
petroleum (11%), motor cars (10%), gases (4%), medicaments (4%),
telephones (2%).
Turkey
17%
China
8%
Azerbaijan
8%
Ukraine
8%Russia
7%
Other countries
52%
Share of the Top Trading Partners in Total Imports
I-II quarter,2013
Motor Cars
26%
Ferro-alloys
10%
Fertilizers
4%
Copper ores
4%Mineral Waters
4%
Other Products
52%
Share of Major Commodity Positions by Export
I-II quarter,2013
Petroleum
11%
Motor Cars
10%
Gases
4%
Medicaments
4%
Telephones
2%
Other Products
69%
Share of Major Commodity Positions by Imports
I-II quarter,2013
Azerbaijan
27%
Armenia
11%
USA
7%Turkey
7%Ukraine
6%
Other countries
42%
Share of the Top Trading Partners in Total ExportsI-II
quarters,2013
