Georgia’s exports reach $7.3 billion in nine months of 2015

The first nine months of the year has seen the value of Georgia’s exports and imports (External Merchandise Trade) experience a slight downward trend year-on-year (y/y), claims the National Statistics Office of Georgia, Geostat.

From January-September 2015, Georgia’s External Merchandise Trade (excluding non-organised trade) amounted to $7.312 billion USD, stated Geostat preliminary data. This was a 13 percent drop when compared to the same figures of 2014.

The value of the country’s exports decreased by 24 percent, reaching $1.645 billion, while imports decreased by nine percent and amounted to $5.667 billion in comparison to the January-September period of the previous year.

Geostat said the trade deficit equalled $4.023 billion and its share in trade turnover was 55 percent.

Geostat noted more detailed data on External Merchandise Trade of Georgia will be published on October 21, 2015.