Statistical trends of Georgia-Bulgaria commodity trade relations at the modern stage

The paper aims to reveal and analyze the main statistical trends of trade relations between Georgia and Bulgaria. Statistical observation, grouping, and analysis methods were used in the research. Bulgaria is a country with which Georgia has had a positive trade balance every year since 2015. Bulgaria's share in the foreign trade turnover of Georgia ranges from 2%-4%; Bulgaria is the only one of the EU countries that systematically ranks among the top ten export countries; In 2014-2023, exports from Georgia to Bulgaria grew by 1.8% annually on average; The commodity structure of Georgia's export products in Bulgaria is virtually unchanged. Georgia's export products in Bulgaria are too concentrated. The product structure of re-export is more diversified and the most re-exports from the country are Motor cars, (27%). The volume of Georgia's imports increased by 6.8% in 2014-2023, imports from the European Union increased by 5.9%, and imports from Bulgaria increased by 0.4% on average, annually. Imports from the European Union, including Bulgaria, and overall import growth rates in the country in 2023 are reduced. Mainly oil and oil products are imported from Bulgaria, Petroleum oils and oils from bituminous minerals, the share of which is 44% of the total import to Bulgaria, therefore the indicators of import products are more diversified than export products.

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Publication Details

Journal
INTERNATIONAL CONFERENCE ON ECONOMICS BUSINESS & MANAGEMENT
Published
2024-09-26
DOI
https://doi.org/10.56065/icebm2024.22
Primary Topic
Russia and Soviet political economy
Type
article
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Statistical trends of Georgia-Bulgaria commodity trade relations at the modern stage

Otar Abesadze, Nino Abesadze
INTERNATIONAL CONFERENCE ON ECONOMICS BUSINESS & MANAGEMENT
Russia and Soviet political economy
article

Statistical trends of Georgia-Bulgaria commodity trade relations at the modern stage

Otar Abesadze, Nino Abesadze
article en

Abstract

The paper aims to reveal and analyze the main statistical trends of trade relations between Georgia and Bulgaria. Statistical observation, grouping, and analysis methods were used in the research. Bulgaria is a country with which Georgia has had a positive trade balance every year since 2015. Bulgaria's share in the foreign trade turnover of Georgia ranges from 2%-4%; Bulgaria is the only one of the EU countries that systematically ranks among the top ten export countries; In 2014-2023, exports from Georgia to Bulgaria grew by 1.8% annually on average; The commodity structure of Georgia's export products in Bulgaria is virtually unchanged. Georgia's export products in Bulgaria are too concentrated. The product structure of re-export is more diversified and the most re-exports from the country are Motor cars, (27%). The volume of Georgia's imports increased by 6.8% in 2014-2023, imports from the European Union increased by 5.9%, and imports from Bulgaria increased by 0.4% on average, annually. Imports from the European Union, including Bulgaria, and overall import growth rates in the country in 2023 are reduced. Mainly oil and oil products are imported from Bulgaria, Petroleum oils and oils from bituminous minerals, the share of which is 44% of the total import to Bulgaria, therefore the indicators of import products are more diversified than export products.

INTERNATIONAL CONFERENCE ON ECONOMICS BUSINESS & MANAGEMENTVol. 1(1)
Openalex Percentile: Top 53%
Russia and Soviet political economy
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Statistical trends of Georgia-Bulgaria commodity trade relations at the modern stage — Otar Abesadze, Nino Abesadze · INTERNATIONAL CONFERENCE ON ECONOMICS BUSINESS & MANAGEMENT (2024) | TGRS Research Map | TGRS