Georgia’s foreign trade increases 3% in January–May 2016

The value of Georgia’s imports and exports (External Merchandise Trade) in the first five months of the year exceeded four billion dollars, says the National Statistics Office of Georgia (Geostat).

Today the statistics agency released preliminary data of the External Merchandise Trade (excluding non-organised trade) for January-May 2016.

The figures showed in the first five months of the year the value of Georgia’s imports and exports was $4.07 billion, which was three percent higher than the same period of last year. 

More specifically, Georgia’s imports were up eight percent more year-on-year (y/y) and worth $3.29 billion, while the value of export decreased 12 percent, reaching $780 million y/y.

Geostat said the trade deficit equalled $2.5 billion and this made up 62 percent of Georgia’s total trade turnover.