Georgia’s external trade up 17% in 2018 [INFOGRAPHIC]
Last year the value of Georgian exports increased by 22.9% to $3.36 billion. Photo: Nino Alavidze/Agenda.ge.
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Georgia’s external trade grew by 17% in 2018, reaching $12.48 billion, says the National Statistics Office of Georgia (Geostat).
Last year the value of Georgian exports increased by 22.9% to $3.36 billion, while the value of imports also increased 14.9% to $9.12 billion with respect to 2017, said Geostat.
Last year Georgia’s trade deficit came out to $5.76 billion, which was a 46.1% 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.
The infographic published below shows the data of Georgia's external trade from 2013- 2018. Click on the image to take a bigger view:
Copper ores and concentrates, motor cars and ferro-alloys were Georgia’s top exported commodities in January-November 2018, shows the preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade with EU up 18.6%, with CIS up 27.4%
Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries.
Georgia’s external trade grew by 20.5% this year and reached $10.30 billion in January-October 2018, says the National Statistics Office of Georgia (Geostat).
Georgia is strengthening trade relations with the European Union (EU), to where in January-September of 2018 exports from Georgia amounted to $533 million – 13.2% higher year-on-year.
The export of Georgian agricultural products marked new records in 2018, announces the Ministry of Environmental Protection and Agriculture of Georgia.
In January 2019 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 826.8 million, which is the 1.2 per cent higher compared to the same month of the last year, the Georgian National Statistics Office says.
Georgia’s external trade grew by 3.6% in January-February 2019, reaching $1.73 billion, says the National Statistics Office of Georgia (Geostat).
Georgian President Salome Zurabishvili spoke of the importance of boosting local business at the eastern Georgian region of Kvemo Kartli. The President visited several villages and met with the local population.
Georgia’s external trade with EU up 6.3%, with CIS up 2.8%
Georgia is increasing its role as an important trade partner the Commonwealth of Independent States (CIS), while trade turnover with the European Union decreased this year.