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Italy-Georgia – Commercial trade soars: up 116% in 1st quarter 2012

Commercial trade between Italy and Georgia more than doubled in the 1st quarter of 2012, registering a rise of 116.8% over the same period in 2011, which had already been a record year.

The Italian Statistics Institute (ISTAT) data on Italo-Georgian trade in the first quarter of 2012 – equal to €62.3 million – show an increase of 116.8% over the same period in 2011, reinforcing a trend under way since 2010. The increase brought exports up to €49.1 million (+136.8%), and Italian purchases from Georgia up to €13.1 million (+61.6%), resulting in a trade surplus of €36 million (as compared with one of €12.5 million in the 1st quarter of 2011). The main Italian export sectors included fuel and mineral oils (47% of total and up 613% compared with 2011), followed by mechanical equipment (87.7% of total, up 282%), textiles/apparel (6.2%, up 43.9%) and electrical machinery, equipment and materials (4.2%, up 136%).

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