The trade turnover between Georgia and the USA decreased from USD 781 million to USD 640.4 million between January and May.
The reduction is due to the sharp decline in the share of imports, while exports have increased by 89.1%.
TOP-5 Exported Products from Georgia To USA:
Ferroalloys – 19.6 million USD;
natural grape wines – 2.9 million USD;
Flying machines – 2.69 million USD;
Pipes, tubes and hollow profiles made of ferrous metal – 2.6 million USD;
Fruit and vegetable juices – 2.3 million USD.
Imports from the USA amounted to USD 601.4 million in 2024.
TOP-5 Imported Products From USA To Georgia:
Motor cars – 549.9 million USD;
Nuts and other nuts – 7.2 million USD;
Cosmetics – 2.7 million USD;
Food products – 2.4 million USD;
Motorcycles and bicycles – 2.3 million USD;
The maximum of US-Georgia trade was 2.1 billion in 2023.
FDI
Last year, the USA was in fourth place in terms of investments.
In 2023, 153.5 million USD of direct foreign investment was made from America, which was 13% less than last year. In 2022, an investment of 176.5 million USD came from the USA.
According to last year’s data, the share of USA in FDI amounted to 9.6%.
Money Transfers
According to the data of the National Bank, the USA was in third place with 456.3 million USD in remittances transferred to Georgia in 2023.
Last month, 47.220 million USD was transferred from the USA.
Source link : https://bm.ge/en/news/georgias-economic-relations-with-the-us-in-figures
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Publish date : 2024-07-04 10:28:39
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