Georgia’s imports, exports surge 22% in January-November

Geostat said the country's trade deficit equalled $3,036m in January-July 2015. Photo by N. Alavidze/, 13 Dec 2016 - 12:21, Tbilisi,Georgia

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).

Between January and November 2016 the value of Georgia’s exports dropped five percent to $1.92 billion, while the value of imports increased 29 percent to $8.91 billion, said Geostat.

Georgia’s trade deficit equalled $6.99 billion in the first 11 months of 2016, which was a 65 percent share of the country's total trade turnover, showed the latest data by Geostat.

Trade deficit is an economic measure of a negative balance of trade in which a country's imports exceeds its exports.

Imports without the Hepatitis C medicine were worth $6.51 billion, one percent less compared to the same period of 2015.