Jan-July 2018: Georgia’s external trade up 24.4%
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Georgia’s external trade grew by 24.4 percent in January-July 2018 and reached $7.05 billion, says the National Statistics Office of Georgia (Geostat).
In the first seven months of 2018 the value of Georgia’s exports increased by 28.7 percent to $1.87 billion, while the value of imports also increased 22.9 percent to $5.18 billion with respect to January-July 2017, says the Geostat data.
Georgia’s trade deficit equalled $3.31 billion in January-July 2018, which was a 46.9 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.
Detailed data on external merchandise trade of Georgia will be published on August 20, 2018.
Georgia’s external trade grew by 24.5 percent in January-May 2018 and reached $5.98 billion, says the National Statistics Office of Georgia (Geostat). In the first six months of 2018 the value of Georgia’s exports increased by 28.8 percent to $1.59 billion.
Georgia is strengthening its trade relations with the European Union (EU), the Commonwealth of Independent States (CIS) and other countries.
Copper ores and concentrates, ferro-alloys and motor cars were Georgia’s top exported commodities in January-April 2018, shows the preliminary data from the National Statistics Office of Georgia (Geostat).
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.