Profiles of Countries in CIS Region
Georgia
KEY ECONOMIC INDICATORS
Population | July . 2007 est | 4,646,003 |
Annual average growth rate of population | 2007 est. | -0.33% |
Literacy | 2004 est. | 900% |
Annual Rate of Inflation | 2006 est | 10% |
GDP | 2006 est. | US$17.88 billion |
GDP growth rate | 2006 est. | 8% |
GDP Composition by Sector | 2002 est | |
Agriculture | 17.7% | |
Industry | 27.5% | |
Services | 54.8% | |
GDP (per capita) on purchasing power parity | 2006 est. | US$3,800 |
Currency | LARI | |
Conversion rate (Belarusian Ruble per USD) | Yr. 2006 | 1.78 |
Indicative Growth rate of various sectors | Yr. 2006 | Agriculture (7.8%) Industry (-14.5%) Services (-20.2%) |
Total export | Yr. 2005 | $866.22 million |
Total import | Yr. 2005 | US$ 2490.85 million |
Current Account Convertibility | Full | |
Trade Route | (by air) Delhi- Istanbul- Tbilisi Delhi -Baku-Tbilisi Delhi – Moscow – Tbilisi Ports : Poti & Batumi |
INDIA’S BILATERAL TRADE WITH GEORGIA
Value in million USD
Year | 2001-2002 | 2002-2003 | 2003-2004 | 2004-2005 | 2005-2006 | 2006-2007 (Provisional Figures) |
---|---|---|---|---|---|---|
India’s Total Export | 43,826.73 | 52,719.43 | 63,842.97 | 83,535.94 | 103,090.54 | 126,331.10 |
Exports to Georgia | 8.34 | 18.83 | 34.02 | 26.8 | 34.18 | 40.95 |
%Growth | 125.79 | 80.7 | -21.24 | 27.55 | 19.81 | |
%Growth in India’s Exports | 20.29 | 21.1 | 30.85 | 23.41 | 22.54 | |
%age Share in Total Exports | 0.02 | 0.04 | 0.05 | 0.03 | 0.03 | 0.03 |
IMPORTS | ||||||
India’s Total Import | 51,413.29 | 61,412.13 | 78,149.61 | 111,517.44 | 149,165.73 | 190,566.00 |
Imports from Georgia | 0.03 | 6.74 | 5.43 | 15.42 | 19.87 | 74.92 |
%age Growth | 20,830.18 | -19.45 | 183.9 | 28.91 | 277.05 | |
%age Growth in India’s Imports | 19.45 | 27.25 | 42.7 | 33.76 | 27.75 | |
%age share in India’s Imports | 0.00005 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 |
TRADE BALANCE | ||||||
with Georgia | 8.31 | 12.09 | 28.59 | 1.38 | 14.31 | -33.97 |
with World | -7,586.6 | -8,693 | -14,307 | -27,981.5 | -46,075.2 | -64,224.9 |
Source :Directorate General of Commercial Intelligence and Statistics, Govt. of India
COMPARATIVE TREND ANALYSIS OF INDIA’S SHARE AS A SUPPLIER
Value in million USD
Year | Global Imports | Imports from India | India’s %age Share in Georgia’s Total Imports |
---|---|---|---|
1998 | 880.38 | 0.73 | 0.08 |
1999 | 603.13 | 1.45 | 0.24 |
2000 | 650.72 | 1.20 | 0.19 |
2001 | 678.69 | 2.05 | 0.30 |
2002 | 793.28 | 4.19 | 0.53 |
2003 | 1140.90 | 6.02 | 0.53 |
2004 | 1847.00 | 5.77 | 0.31 |
2005 | 2490.86 | 8.33 | 0.334 |
TOP 20 PRODUCT GROUPS OF GLOBAL IMPORTS OF GEORGIA (YR. 2006)
Value in million USD
HS Code | Description | Global Imports | % age Share of the Product Group in Georgia’s Total Imports | Value of Imports from India | India’s %age Share | %age Share of Intra CIS Imports | Top 3 Suppliers | %age Share |
---|---|---|---|---|---|---|---|---|
27 | Mineral fuels, oils, distillation products, etc | 495.870 | 19.91 | 0 | 0 | 80.52 | Azerbaijan | 39.28 |
Russia | 23.07 | |||||||
Turkmenistan | 11.09 | |||||||
87 | Vehicles other than railway, tramway | 264.118 | 10.60 | 0.015 | 0.01 | 18.35 | Germany | 35.39 |
USA | 15.80 | |||||||
Ukraine | 11.07 | |||||||
84 | Nuclear reactors, machinery, boilers, etc | 250.711 | 10.07 | 0.705 | 0.28 | 12.8 | USA | 24.27 |
Turkey | 9.41 | |||||||
Italy | 8.61 | |||||||
85 | Electrical, electronic equipment | 158.999 | 6.38 | 0.503 | 0.32 | 14.32 | Turkey | 18.78 |
United Arab Emirates | 14.97 | |||||||
Germany | 11.26 | |||||||
30 | Pharmaceutical products 104.961 4.21 | 2.519 | 5.04 | 3.37 | 2.40 | 13.38 | Germany | 9.579 |
8.22 | ||||||||
Switzerland | 7.04 | |||||||
17 | Sugars and sugar confectionery | 87.145 | 3.50 | 0 | 0 | 7.18 | France | 41.72 |
Brazil | 26.73/td> | |||||||
UK | 8.80 | |||||||
90 | Optical, photo, technical, medical, etc apparatus | 64.428 | 2.59 | 0.046 | 0.07 | 15.0 | Germany | 18.92 |
USA | 11.00 | |||||||
Russia | 10.00 | |||||||
73 | Articles of iron or steel | 56.830 | 2.28 | 0.011 | 0.02 | 33.05 | Turkey | 22.26 |
Ukraine | 16.45 | |||||||
Russia | 14.54 | |||||||
88 | Aircraft, spacecraft, and parts thereof | 56.707 | 2.28 | 0 | 0 | 96.994 | Turkmenistan | 69.29 |
Russia | 17.48 | |||||||
Ukraine | 7.88 | |||||||
39 | Plastics and articles thereof | 56.055 | 2.25 | 0.516 | 0.92 | 17.55 | Turkey | 46.32 |
Azerbaijan | 9.08 | |||||||
China | 7.73 | |||||||
11 | Milling products, malt, starches, insulin, wheat gluten | 54.600 | 2.19 | 0 | 0 | 58.8 | Russia | 40.21 |
Turkey | 32.38 | |||||||
Ukraine | 14.37 | |||||||
10 | Cereals | 50.001 | 2.01 | 0 | 0 | 96.9 | Russia | 80.33 |
Kazakhstana | 9.40 | |||||||
Ukraine | 4.64 | |||||||
48 | Paper & paperboard, articles of | 46.471 | 1.87 | 0.058 | 0.12 | 28 | Turkey | 47.37 |
Russia | 14.96 | |||||||
Ukraine | 12.71 | |||||||
72 | Iron and steel | 44.845 | 1.80 | 0 | 0 | 83.82 | Ukraine | 65.98 |
Turkey | 12.73 | |||||||
Russia | 10.14 | |||||||
94 | Furniture, lighting, signs, prefabricated buildings | 40.512 | 1.63 | 0.012 | 0.03 | 11.32 | Turkey | 25.19 |
Italy | 10.64 | |||||||
China | 10.02 | |||||||
33 | Essential oils, perfumes, cosmetics, toiletries | 39.224 | 1.57 | 0.026 | 0.07 | 11.55 | France | 20.88 |
Netherlands | 16.08 | |||||||
Turkey | 15.96 | |||||||
15 | Animal, vegetable fats and oils, cleavage products, etc | 32.474 | 1.30 | 0 | 0 | 62.55 | Ukraine | 235.04 |
Russia | 18.86 | |||||||
Turkey | 18.80 | |||||||
93 | Arms and ammunition, parts and accessories thereof | 27.682 | 1.11 | 0 | 0 | 38.73 | Bulgaria | 56.11 |
Ukraine | 37.74 | |||||||
Israel | 1.29 | |||||||
04 | Dairy products, eggs, honey, edible animal product nes | 26.814 | 1.08 | 0 | 0 | 56.56 | Ukraine | 38.09 |
Russia | 13.55 | |||||||
USA | 12.80 | |||||||
40 | Rubber and articles thereof | 26.2957 | 1.06 | 0.013 | 0.05 | 62.17 | Russia | 41.76 |
Ukraine | 15.47 | |||||||
Germany | 7.45 |
TOP PRODUCT GROUPS OF COUNTRY’S EXPORTS TO INDIA (YR.2006)
Value in million USD
HS Code | Description | Global Exports | Export to India | India’s %age Share in Total Exports of the Country |
---|---|---|---|---|
72 | Iron and steel | 167.710 | 1.140 | 0.680 |
74 | Copper and articles thereof | 11.624 | 0.590 | 5.076 |
76 | Aluminum and articles thereof | 11.842 | 0.466 | 3.935 |
85 | Electrical, electronic equipment | 5.080 | 0.032 | 0.630 |
79 | Zinc and articles thereof | 0.087 | 0.022 | 25.287 |
TOP 20 PRODUCT GROUPS OF INDIA’S EXPORTS TO GEORGIA (YR. 2006)
Value in million USD
HS | Description | Global Exports | Exports to Georgia | Georgia %age Share in India’s Exports of the Item | Rank of the Product Group in Top 20 of Georgia’s Global Imports |
---|---|---|---|---|---|
02 | Meat | 696.03 | 13.68 | 1.97 | |
26 | Ores, Slag, Ash | 4590.66 | 7.62 | 0.17 | |
71 | Precious Stones, Metals | 15914.58 | 5.32 | 0.03 | |
29 | Organic Chemicals | 5792.06 | 3.04 | 0.05 | |
62 | Woven Apparel | 5423.94 | 2.97 | 0.05 | |
30 | Pharmaceutical Products | 3000.65 | 1.86 | 0.06 | 5 |
15 | Fats And Oils | 315.54 | 1.03 | 0.33 | 17 |
87 | Vehicles, Not Railway | 3665.69 | 0.67 | 0.02 | 2 |
84 | Machinery | 4979.45 | 0.39 | 0.01 | 3 |
63 | Miscellaneous Textile Articles | 2343.43 | 0.38 | 0.02 | |
39 | Plastic | 2660.63 | 0.37 | 0.01 | 10 |
20 | Preserved Food | 194.30 | 0.35 | 0.18 | |
61 | Knit Apparel | 3524.50 | 0.33 | 0.01 | |
68 | Stone, Plaster, Cement, etc | 779.17 | 0.29 | 0.04 | |
10 | Cereals | 1593.19 | 0.28 | 0.02 | 12 |
48 | Paper, Paperboard | 435.57 | 0.25 | 0.06 | 13 |
09 | Spices, Coffee And Tea | 1125.93 | 0.20 | 0.02 | |
72 | Iron And Steel | 5187.22 | 0.18 | 0.0003 | 14 |
42 | Leather Art; Saddlery; Bags | 1213.10 | 0.16 | 0.01 | |
85 | Electrical Machinery | 3757.62 | 0.13 | 0.0003 | 4 |
Detailed Analysis (at 4 digit HS Code Level) for top 4 Product Groups of India’s Exports to Georgia: Global Imports, Imports from India, Intra-CIS Imports, Potential Trade & Top 3 suppliers
Top 4 Product Groups namely Meat, Ores/Slag/Ash, Precious Stones; jewelry & Organic Chemicals constituting 73.05% share in India’s total Exports to Georgia.
TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF GEORGIA FOR MEAT (HS CODE 02) YEAR 2005
Value in million USD
HS Code | Description | Global Import Value | %age share of the item in Country’s Imports of the Product Group | Value of Imports from India | India’s Global Exports | Value of Intra-CIS Imports | Potential Trade for India | Top 3 Suppliers | %age share |
---|---|---|---|---|---|---|---|---|---|
0207 | Meat&edible offal of poltry meat | 13.80 | 65.32 | 0 | 0.78 | 0.01 | 0.78 | USA | 38.44 |
Brazil | 28.51 | ||||||||
Dominican Republic | 11.45 | ||||||||
0202 | Meat of bovine animals, frozen | 2.97 | 14.06 | 2.146 | 655.60 | 0 | 0.82 | India | 72.26 |
Argentina | 16.90 | ||||||||
Dominica | 8.15 |
TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF GEORGIA FOR ORES/SLAG/ASH (HS CODE 26) YEAR 2005
Value in million USD
HS Code | Description | Global Import Value | % age share of the item in Country’s Imports of the Product Group | Value of Imports from India | India’s Global Exports | Value of Intra- CIS Imports | Potential Trade for India | Top 3 Suppliers | %age share |
---|---|---|---|---|---|---|---|---|---|
2621 | Slag & ash nes, inclu ding seawood ash (kelp) | 0.165 | 87.76 | 0 | 25.62 | 0 | 0.165 | Netherlands | 96.7 |
2614 | Titanium ores and concentrates | 0.015 | 7.98 | 0 | 41.29 | 0.015 | 0.015 | Ukraine | 1001 |
TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF GEORGIA FOR PEARLS, PRECIOUS STONES, METALS, COINS, ETC. (HS CODE 71) YEAR 2005
Value in million USD
HS Code | Description | Global Import Value | % age share of the item in Country’s Imports of the Product Group | Value of Imports from India | India’s Global Exports | Value of Intra- CIS Imports | Potential Trade for India | Top 3 Suppliers | %age share |
---|---|---|---|---|---|---|---|---|---|
7115 | Articles of precious metal or metal clad with precious metal,nes | 2.03 | 64.39 | 0 | 2.73 | 0 | 2.03 | UK | 95.85 |
Turkey | 3.21 | ||||||||
Italy | 0.35 | ||||||||
7117 | Imitation jewellery | 0.92 | 29.28 | 0 | 17.75 | 0.102 | 0.92 | Netherlands | 58.74 |
Russia | 8.03 | ||||||||
UAE | 6.73 |
TOP 4 DIGIT ITEMS OF GLOBAL IMPORTS OF GEORGIA FOR ORGANIC CHEMICALS (HS CODE 29) YEAR 2005
Value in million USD
HS Code | Description | Global Import Value | % age share of the item in Country’s Imports of the Product Group | Value of Imports from India | India’s Global Exports | Value of Intra-CIS Imports | Potential Trade for India | Top 3 Supp liers | %age share |
---|---|---|---|---|---|---|---|---|---|
2901 | Acyclic hydrocarbons | 0.86 | 24.32 | 0 | 131.45 | 0.80 | 0.86 | Azerbaijan | 93.80 |
Turkey | 5.38 | ||||||||
2942 | Organic compounds, nes | 0.448 | 12.74 | 0.13 | 1829.81 | 0.091 | 0.318 | India | 29.02 |
Russia | 18.08 | ||||||||
Germany | 10.71 |
TRADE FAIRS & EXHIBITIONS TO BE HELD IN GEORGIA
City / Location | Event Name & Details | Date |
---|---|---|
Tbilisi Expo Georgia Exhibition Center | TBILISI BEAUTY AND MEDICAL AESTHETICS International Exhibition of Cosmetics, Perfumery, Hair Care and Medical Aesthetics |
11.10 – 13.10 2007 |
Tbilisi Expo Georgia Exhibition Center | CAUCASUS HEALTHCARE International Specialized Fair for Medical Technology, Laboratory Equipment, Dentistry, Pharmaceuticals, Optics and Hospital Equipment |
11.10 – 13.10 2007 |
– Do – | TBILISI INTERNATIONAL AUTO SHOW International Specialized Fair for Automobiles, Auto Business, Spare Parts and Cosmetics |
25.10 – 27.10 2007 |
– Do – | ELCOM CAUCASUS International Power, Electrical Engineering and Control, Telecommunications, Information Technology and Office Equipment Exhibition |
06.11 – 08.11 2007 |
– Do – | AGRO+FOOD+DRINK+TECH EXPOGEORGIA International Exhibition for Agro, Food and Drink Products and Food Processing Equipment |
14.11 – 17.11 2007 |
– Do – | GIHE Sheraton Metechi Palace Hotel International Healthcare Exhibition |
Mar-08 |
– Do – | GOLDEN FLEECE Expo Georgia Exhibition Center International Dog Show |
Apr-08 |
– Do – | CTF – CAUCASUS TOURISM FAIR International Tourism Exhibition-Fair of the Silk Road Countries in Georgia |
Apr-08 |
– Do – | GIOGIE Sheraton Metechi Palace Hotel Georgian International Oil & Gas Exhibition & Conference |
03.04 – 04.04 2008 |
– Do – | CAUCASUS BUILD Expo Georgia Exhibition Center International Specialized Fair for Construction, Renovation, Furnishing and Design |
May-08 |
-Do- | GEPRINTMEDIA Tbilisi Sport Palace Georgian International Printing and Packaging, Advertising and Media Exhibition | May-08 |
Tbilisi Expo Georgia Exhibition Center | GEORGIATEL Sheraton Metechi Palace Hotel Georgian International Telecommunications and Information Technologies Exhibition |
May-08 |
Tbilisi | TRANSCOM CAUCASUS Expo Georgia Exhibition Center International Transport and Logistics Exhibition |
Oct. 2008 |
Useful Websites
- www.mfa.gov.ge: Ministry of Foreign Affairs of Georgia
- www.nbg.gov.ge: National Bank of Georgia, Financial System, Monetary Regulation Instruments, Laws, Financial Indicators & List of Commercial banks operating in Georgia
- www.privatization.ge/: Ministry of Economic Development of Georgia/ Legal Framework/Privatisation etc.
- www.market.ge: Business Directory of Georgia
KEY CONTACTS
Mrs. Reena Pandey
- Ambassador
- Embassy of India
- 50/2, Dzorapi Street
- Yerevan-375019
- Telephone: 00-374-10-539173-5
- Fax: 00-374-10-533984
- E-mail: ambassador@embassyofindia.am
Mr. Kuldip Singh Dhingra
- Honorary Consultate of Georgia
- 19 DDA Commercial Complex
- Kailash Colony Ext., Zamrudpur,
- New Delhi – 110048
- Telephone: 011 -29231015/29237609/29231706
- Fax : 011-29247864
- Email: georgiaconsulate@rediffmail.com