NEWS

Georgia’s external trade at $2.80 billion in Jan-March 2019

Georgian exports increased by 12.8% to $826 million, while the value of imports decreased by 4.7% to $1.98 billion. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 15 Apr 2019 - 11:35, Tbilisi,Georgia

Georgia’s external trade amounted to $2.80 billion in January-March 2019, says the National Statistics Office of Georgia (Geostat).

This was 0.1% lower year-on-year.

In the reporting period the value of Georgian exports increased by 12.8% to $826 million, while the value of imports decreased by 4.7% to $1.98 billion with respect to 2018, said Geostat.

Last year Georgia’s trade deficit came out to $1.15 billion, which was a 41.1% 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.

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