Geostat releases Jan-Feb external merchandise trade figures
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The value of Georgia’s External Merchandise Trade (export and imports) is on a downward trend, claims Geostat.
In the first two months of the year, Georgia’s External Merchandise Trade (excluding non-organised trade) amounted to $1.4 billion USD. This was a nine percent drop when compared to the same figures of 2013.
Geostat preliminary data revealed the value of exports decreased by 26 percent year-on-year, and reached $324 million USD, while imports dropped two percent and amounted to $1.1 billion USD.
The trade deficit equalled $786 million USD and its share in the country’s total trade turnover constituted 55 percent.
Geostat noted more detailed data on External Merchandise Trade of Georgia will be published on March 23, 2015.
Meanwhile, the number of Foreign Direct Investments (FDI) in Georgia is at a five-year high.
Preliminary Geostat figures showed the number of FDIs in Georgia at the end of 2014 amounted to $1.27 billion USD – a 39 percent increase on the same data of 2013.
Geostat figures revealed this was a five-year high; where in 2013 FDI’s amounted to $942 million, in 2012 FDIs reached $912 million, in 2011 FDIs reached 1.1 billion and in 2010 FDIs amounted to $814 million.
Moreover, 21 percent ($266 million) of the total $1.27 billion of FDIs were reinvestments, stated Geostat.
External Merchandise Trade (excluding non-organised trade) of Georgia amounted to $694 million USD in January 2015, according to preliminary data released by Geostat.
Georgia experienced a nine percent decline in external merchandise trade due to the ongoing Russia-Ukraine conflict.
The number of Foreign Direct Investments (FDI) in Georgia has reached a five-year high.
Georgia’s market economy is continuing to maintain sustainable growth, reveals the National Statistics Office of Georgia.
A trade mission from the Netherlands is coming to Georgia to strengthen existing trade and economic relations between the two countries.
The first part of the year has seen the value of Georgia’s exports and imports (External Merchandise Trade) experience a slight downward trend in comparison to 2014, claims Geostat.
Georgia is increasing its trading powers with European markets, meaning more Georgian products are being enjoyed by consumers in Europe and possibly further abroad.
A business conference about Georgia’s new trade opportunities with the European Union (EU) was held today in Brussels, Belgium.
The first part of the year has seen the value of Georgia’s exports and imports (External Merchandise Trade) experience a slight downward trend in comparison to 2014, claims the National Statistics Office of Georgia (Geostat).
The National Statistics Office of Georgia (Geostat) has created a new portal, juniors.geostat.ge with the financial and technical support of the United Nations Children's Fund (UNICEF). The main purpose of the new platform is to create statistical data for children in an easily understandable way.