The first 10 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-October 2015, Georgia’s External Merchandise Trade (excluding non-organised trade) amounted to $8.121 billion USD, stated Geostat preliminary data. This was a 14 percent drop when compared to the same figures of 2014.
The value of the country’s exports decreased by 24 percent, reaching $1.832 billion, while imports decreased by 10 percent and amounted to $6.289 billion in comparison to the January-October period of the previous year.
Geostat said the trade deficit equalled $4.457 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 November 24, 2015.