Georgia’s exports worth $281m in January-February 2016

Geostat said the country's trade deficit equalled $3,036m in January-July 2015. Photo by N. Alavidze/, 14 Mar 2016 - 12:00, Tbilisi,Georgia

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

Preliminary data published today showed Georgia’s External Merchandise Trade (excluding non-organised trade) amounted to $1.413 million in January-February 2016. This was a two percent drop compared to the same period of 2015.

Furthermore Geostat said the value of the country’s exports decreased 13 percent to $281 million, while imports grew one percent to $1.133 million in January-February 2016.

Georgia’s trade deficit equalled $852 million, which made up 60 percent of total trade turnover.