January-September: Georgia’s external trade grows 24%
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Georgia is strengthening its trade relations with the European Union (EU), the Commonwealth of Independent States (CIS) and other countries.
In the first nine months of 2016 Georgia's external merchandise trade (excluding non-declared trade) was $9.10 billion - 24 percent growth year-on-year (y/y), latest figures show.
Between January and September the value of Georgia’s export dropped eight percent to $1.51 billion, while the value of imports increased 34 percent to $7.59 billion.
Georgia’s trade deficit equalled $6.08 billion in the first nine months of 2016, which was a 67 percent share of total trade turnover, showed preliminary data by the National Statistics Office of Georgia (Geostat).
Trade deficit is an economic measure of a negative balance of trade in which a country's imports exceeds its exports.
Geostat said imports excluding the Hepatitis C treatment equalled $5.19 billion, three percent less compared to the same period of the previous year.
Negative trade balance reduces y/y
Georgia is balancing its trade ties with the European Union (EU), the Commonwealth of Independent States (CIS) and other countries and reducing its negative trade balance.
Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries.
The value of Georgia’s imports and export was 20 percent higher in the first six months of 2016 year-on-year (y/y), official figures show.
The value of Georgia’s imports and exports (External Merchandise Trade) in the first five months of this year exceeded four billion dollars, while Georgia’s external trade turnover with European Union (EU) countries exceeded 1.1 billion dollars, says the National Statistics Office of Georgia (Geostat).
Georgia’s external trade has grown 22 percent in the first 10 months of the year, shows latest data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade has grown 22 percent in the first 10 months of the year, reaching $9.95 billion, shows latest data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade has grown 22 percent in the first 11 months of the year to reach $10.83 billion, shows latest data from the National Statistics Office of Georgia (Geostat).
Canada, Turkey and Russia – top trading partners
Georgia’s external trade has grown 22 percent in the first 11 months of the year to reach $10.83 billion, shows latest data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade has grown 21 percent in 2016 and totaled $11.98 billion, shows the latest preliminary data from the National Statistics Office of Georgia (Geostat).
Canada, Turkey and Russia were Georgia’s top trade partners in 2016, shows preliminary data from the National Statistics Office of Georgia (Geostat).