Georgia’s Trade with Russia Climbs 16.6% in First Five Months of 2024
Published by WarSignal Editorial · Last updated
Georgia’s trade turnover with Russia rose 16.6% year‑on‑year during the first five months of 2024, according to the country’s Ministry of Economy. The data show that Russia remains the second‑largest trading partner for Georgia, following the United States.
In the period from January to May, Georgia exported goods worth 1.2 billion dollars to Russia and imported 1.1 billion dollars, a combined volume that increased by 16.6% compared with the same months in 2023. The Ministry highlighted that the growth was driven by higher volumes of industrial goods and agricultural products.
The figures were released in a statement by the ministry, which noted that the trade relationship with Russia has continued to expand despite ongoing geopolitical tensions in the region.
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