January 2016: Georgia’s exports, imports worth $528m

The value of the country’s exports decreased 22% while imports dropped by 25% y/y in January, said Geostat. Photo by N. Alavidze/Agenda.ge.
Agenda.ge, 15 Feb 2016 - 12:02, Tbilisi,Georgia

The value of Georgia’s exports and imports (External Merchandise Trade) decrease year-on-year (y/y) claims the National Statistics Office of Georgia, Geostat.

Preliminary data published by Geostat today showed Georgia’s External Merchandise Trade (excluding non-organised trade) amounted to $528 million USD in January 2016.

This was a 24 percent drop compared to 2015.

Furthermore, Geostat said the value of the country’s exports decreased 22 percent to $122 million USD, while imports dropped by 25 percent to $406 million USD in the first month of the year.

The trade deficit equalled $283 million USD, which made up 54 percent of total trade turnover.