Georgia’s external trade up 22.2 % in January-April
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Georgia’s external trade grew by 22.2 percent this year and reached $3.78 billion in January-April 2018, says the National Statistics Office of Georgia (Geostat).
This year the value of Georgia’s exports increased by 22 percent to $961.4 million, while the value of imports also increased 22.3 percent to $2.82 billion with respect to January-April 2017, said Geostat.
Georgia’s trade deficit equalled $1. 86 billion this year, which was a 49.2 percent share of the country's total trade turnover.
Trade deficit is an economic measure of the negative balance of trade in which a country's imports exceed its exports.
Turkey, Russia and Azerbaijan are Georgia’s top trade partners this year, shows the preliminary data from the National Statistics Office of Georgia (Geostat). Overall, Georgia’s external trade grew by 23.3 percent this year and reached $2.82 billion in January-March 2018.
Georgia’s external trade with EU up 10.8%, with CIS up 26.5%
Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries. In January-February 2018, trade turnover with EU countries amounted to $446.5 million, while with the CIS counties external trade of Georgia reached $620.2 million.
Georgia is strengthening its trade relations with the European Union (EU), the Commonwealth of Independent States (CIS) and other countries. Last month, trade turnover with European Union (EU) countries increased by 6.6 percent year-on-year (y/y) and amounted to $211.5 million.
Turkey, Russia and China are Georgia’s top trade partners in 2017, shows the preliminary data from the National Statistics Office of Georgia (Geostat). Georgia’s top 10 trade partners in 2017 made for 66.7 percent of the country’s total trade turnover, with Turkey, Russia and China filling the top three spots.