FY20 Results and Strategy Overview

DIVERSIFIED FOREIGN TRADE Imports of Goods, contribution to growth Source: NBG All types of goods contributed to shrinking imports in 2020, with consumer goods responsible for over a half of the total cut Intermediate goods Consumer goods Imports y/y Foreign Demand, 2020 Source:, Geostat 1% 3% 1% 5% 8% Investment goods 30% 20% 10% 0% -10% -20% -30% -40% 2016Q1 2016Q2 2016Q3 Import countries, 2020 Sources: GeoStat 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 5% Armenia Azerbaijan 6% Other 15% Ukraine 5% EU countries 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 24% 2020Q4 United States 7% China 9% Russia 11% Turkey 18% 11% 12% 16% Export countries, 2020 Sources: GeoStat Switzerland 3% Armenia 6% Other 17% 27% 16% GEORGIA CAPITAL ■Crude materials, except fuels ■Machinery and transport equipment ■Beverages and tobacco ■Manufactured goods Food and live animals ■Chemicals and related products ■Miscellaneous manufactured articles ■Commodities not classified elsewhere I Animal and vegetable oils, fats and waxes ■Mineral fuels, lubricants EU countries 21% China has become the single largest destination country for Georgian exports in 2020 with a 14.3% share, as opposed to 5.9% in 2019 Turkey 6% Ukraine 7% Azerbaijan Russia 13% 13% China 14% 78

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