Georgia's Domestic Exports Jump 64% to $2.85 Billion as Copper Ore Surges

Georgia's domestic exports totalled $2.854 billion in January–July 2026, up 64.1% year on year, according to the National Statistics Office (Geostat). Domestic exports made up 61.1% of the country's total export volume.

Top commodity groups

• Petroleum and petroleum oils: $543.2 million, 19.0% of domestic exports, up roughly forty-fold from a very low base.
• Precious metal ores and concentrates: $356.3 million, 12.5% share, up 75.6%.
• Ferroalloys: $187.1 million, 6.6% share, up 74.3%.
• Copper ores and concentrates: $150.6 million, 5.3% share, up 310.8%.

Mining-linked products are prominent. Precious metal ores, ferroalloys and copper concentrates together account for about $694 million, roughly 24% of domestic exports. Precious metals and ferroalloys grew a little faster than the 64.1% headline rate, while copper's more than fourfold rise stands out most.

Trade partners

China was the largest destination at $480.2 million, followed by Russia at $409.7 million and Türkiye at $279.4 million. The top ten partners took 66.2% of domestic exports, so concentration risk remains notable, particularly for concentrate shipments that depend on a few buyers.

Context

The pattern fits wider data from Georgia Today, which reported that merchandise exports rose 24.7% year on year in August, with oil products responsible for over 64% of the increase, and that oil products, gold, ferroalloys, copper ores and fertilisers together exceeded total export growth.

Implications

For mining operators, the numbers point to strong external demand and, likely, higher volumes or prices for concentrates. Geostat's release does not break down how much is volume versus price, so the durability of the copper jump is unclear. The petroleum surge, from a very small base, should be treated cautiously as a driver of the headline figure rather than a stable trend.

Investors should watch the January–August release for whether metal-ore growth persists, and track partner concentration, since China, Russia and Türkiye together accounted for about $1.17 billion of the total.

Further Reading

• Georgia's Top Miner Rich Metals Group Upgrades Madneuli With ABB Tech
• Georgian Railway Signs $3.3 Million Deal to Rebuild Tbilisi Platforms