29 Jan 2018 14:41

Georgia boosts exports of ferroalloys 2.1-fold in 2017, exports to Russia up 5.9-fold

TBILISI. Jan 29 (Interfax) - Georgia exported 471,800 tonnes of ferroalloys in 2017, up 2.1-fold compared to 2016, Georgia's National Statistics Office told Interfax.

Exports rose 4.2% year-on-year in Q4 to 60,000 tonnes.

According to Georgia's statistical office, revenue from ferroalloy exports rose 81.3% to $306.9 million in 2017, making up 11.3% of the country's exports, up from 8% the year before.

Ferroalloys are Georgia's third largest export good after copper ore and concentrates. The country mainly exports ferroalloys to the U.S., Europe and Asia, as well as the CIS. The country exported 300,000 tonnes to Russia worth $129.2 million, up 5.9-fold and 3.3-fold respectively.