Bank of Georgia Growth and Reform Strategy
о
400
300
200
100
500
RECENT TREND - GOODS TRADE DEFICIT DOWN
Exports up 12.4% y/y in 2019
Source: Geostat
Jan-17
Feb-17
Mar-17
Apr-17
May-17
Jun-17
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Exports, US$ mn
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Trade deficit down 8.5%y/y in 2019
% change y/y
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
60%
1,000
800
50%
009
40%
400
30%
200
20%
о
10%
-200
-400
0%
Jan-17
Imports down 0.8% y/y in 2019
Source: Geostat
50%
40%
30%
20%
10%
0%
-10%
Feb-17
Mar-17
Apr-17
May-17
Jun-17
Jul-17
Source: Geostat
-20%
50%
40%
30%
20%
10% 10%%
0%
2%
1%
-1%
-10%
-3%3%
-14%
-70407%
4%
50%
42%
40%
33%
30%
22%
21% 20%
17%
15%
14%
9%
9% 20%
10%
6%
Hazelnuts
0%
1.8%
-30%
Jan-17
Feb-17
Mar-17
Apr-17
May-17
Jun-17
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19 N
-4%
-3%9%1%8% -12% -11%
-13% -15%
-23% -18%
-4%
-10%
Gold
-7%
1.9%
-20%
Fertilizers
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
-30%
2.5%
BANK OF GEORGIA
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-
Aug-18
Imports, US$ mn
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
% change y/y
Exports by commodity, 2019
Source: Geostat
Other
32.8%
8.0%
Wine
Spirits.
3.4%
Waters Pharm.
5.9%
3.5%
4.6%
Ferro-alloys
Cars
18.2%
Copper
17.3%
58
-20%View entire presentation