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Shri Narendra Modi
Shri Narendra Modi
Prime Minister of India
International Trade
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

France
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