In January-April, 74% increase in domestic exports indicates Georgian products' competitiveness in international markets - Deputy Economy Minister
“The increase by 73.5 per cent of domestic exports was observed in January-April, with the volume exceeding USD 1 billion and 550 million, which indicates that local production is developing and products are competitive in the international market,” said Vakhtang Tsintsadze, Deputy Minister of Economy and Sustainable Development.
According to Tsintsadze, positive dynamics in foreign trade continue. In January-April, exports increased by 21.1% and reached a record figure of USD 2,439.9 million, while in April, exports increased by 16.1% and also reached a record monthly volume of USD 716.3 million.
“Our goal is to support the development of local production in the country. The Georgian government takes steps to boost the competitiveness of the local production. All this creates added value in the country, new jobs, which positively impact the economic development of the country,” he said.
The Ministry of Economy noted that the trade balance also improved in April – the trade deficit amounted to USD 765.5 million, an improvement of USD 143.0 million compared to April of the previous year.
As for export markets, in the January-April period, the largest share was held by EU countries, followed by Kyrgyzstan and China in second and third place.
“We will continue to support local production with more effective mechanisms that will contribute to the high economic growth and welfare of the population,” Tsintsadze concluded.
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Ministry of Economy releases joint communiqué of governments of Georgia and Azerbaijan
19.05.2026.17:18
During Prime Minister Irakli Kobakhidze’s visit to Azerbaijan, the two countries reaffirmed their strategic partnership in economy, energy, and connectivity. They demonstrated their commitment by signing comprehensive agreements to strengthen bilateral cooperation.
According to the Ministry of Economy, the documents were signed in Baku on May 18, 2026, in the presence of Irakli Kobakhidze and Azerbaijan’s President Ilham Aliyev.
Both leaders highlighted the importance of the signed agreements in expanding cooperation. They emphasised Azerbaijan and Georgia’s vital roles as a hub connecting many countries and stressed the need to deepen collaboration in this regard.
As regards the substance of the documents signed, the Ministry of Economy reports that they encompass intergovernmental agreements on the following matters:
a) the supply of natural gas to Georgia; b) the extension of transit provisions for the delivery of additional volumes of Azerbaijani natural gas to international markets; c) the supply of electricity to Georgia; d) the supply of electricity to Turkey via transit through Georgian territory.
Among the signed documents is a Coordination Council Protocol, which confirms the acceptance and handover of the modernisation process carried out under the Baku–Tbilisi–Kars railway project, as well as the completion of the works.
The relevant state energy companies of both countries signed term sheets outlining the main commercial terms of comprehensive agreements. These agreements are to be finalised by October 15, 2026, to implement the previously mentioned intergovernmental agreements.
In addition, heads of terms were signed between the State Oil Company of the Republic of Azerbaijan, SOCAR, SOCAR Midstream Operations LLC, and the Georgian Oil and Gas Corporation, defining the operational conditions for the Georgian section of the Western Route Export Pipeline, including the Supsa oil terminal and its associated infrastructure.
To oversee the management of the railway line, the Coordination Council Protocol also formalised the official transfer of the relevant railway infrastructure to the joint venture, BTKI Railways LLC. This marks a significant step toward strengthening regional connectivity.
The parties also agreed that daily passenger train services on the Baku–Tbilisi–Baku route will resume from May 26, 2026.