HomeBussinesEconomyTegeta For Business
TourismFinanceHealthcareSport
TechWorldPoliticsEducation
StartupsWEEKENDBusiness AdvisorSociety
CybersecurityOpinionFinancePodcasts
Georgia Economic ForumBusiness Insider Georgia X BusinessBusiness Insider Georgia X TVAll Videos
Other News
Business Insider Georgia - Bank of Georgia
flag
AMD 7170.5
0.0008
flag
AZN 1.5338
-0.0001
flag
CNY 38.943
0.001
flag
EUR 2.9941
0.003
flag
GBP 3.4895
0.008
flag
KZT 58.1
-0.0022
flag
TRY 0.0534
0
flag
USD 2.6074
0.0003
news banner

Eight-month trade figures hit record highs for total and domestic exports, signalling robust growth in domestic production - Deputy Economy Minister

news image
mbc image

“Positive trends in foreign trade are persisting, with record figures recorded for both total exports and domestic exports. Over the first eight months of the year, domestic exports grew by 63.5% to reach USD 3,286.6 million, while total export volume rose by over 22%, reaching an all-time high of USD 5,422.5 million,” stated Deputy Minister of Economy and Sustainable Development Vakhtang Tsintsadze.

According to the Ministry of Economy, exports in August 2026 surged by 24.7% year-on-year, setting an August record of USD 752.4 million. Domestic exports (excluding re-exports) grew by 60.0% compared to August last year, setting a monthly record of USD 432.3 million.

Assessing foreign trade performance to date, the Deputy Minister emphasised that such strong growth in domestic exports demonstrates expanding production within Georgia.

“This growth includes goods that are globally competitive and exported from Georgia to numerous countries worldwide. The Georgian Government’s primary goal is to provide maximum support for the development of domestic production. To this end, the government operates several targeted state programmes designed to enhance private sector competitiveness and boost productivity,” Tsintsadze noted.

The Deputy Minister highlighted that these efforts are driving the strong figures observed in foreign trade while fostering broader domestic economic activity.

“Georgia is now in its sixth consecutive year of robust economic expansion, and we expect these positive dynamics to hold in the coming months and years,” he concluded.

banner image news banner
ნინო ჭანტურია Author

Other News

Economy
image Georgia’s foreign trade turnover grows by 8.4% in January–August, driven by a surge in exports - Geostat

21.09.2026.17:34

Georgia’s external merchandise trade turnover (excluding undeclared trade) reached USD 17,926.9 million between January and August 2026, marking an 8.4% increase against the corresponding period last year, according to preliminary figures released by the National Statistics Office of Georgia (GeoStat).

Exports accounted for USD 5,422.5 million of the total figure, representing a sharp 22.1% year-on-year surge, while imports rose by 3.4% to USD 12,504.4 million. Georgia’s negative trade deficit stood at $7,081.8 million for the eight months, accounting for 39.5% of total foreign trade turnover.

GeoStat’s report further highlights that Georgia’s top ten trading partners accounted for 65.7% of the collective share of total external merchandise trade during the period.

Türkiye maintained its position as Georgia’s largest trading partner with total trade turnover of USD 2,247.5 million, followed closely by China at USD 2,042.8 million and Russia at USD 2,032.5 million.

Georgian Economic Forum

Powered by Business Insider Georgia

Read more
economic forum

Subscribe