Georgia’s external trade up 15% in January-May
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Georgia’s external trade grew by 15 percent this year and reached $3,945 million in January-May 2017, says the National Statistics Office of Georgia (Geostat).
This year the value of Georgia’s exports increased by 29 percent to $1,003 million, while the value of imports also increased 11 percent to $2,941 million with respect to January-March 2016, said Geostat.
Georgia’s trade deficit equalled $1,938 million this year, which was a 49 percent share of the country's total trade turnover.
Trade deficit is an economic measure of the negative balance of trade in which a country's imports exceed its exports.
Turkey, Russia and Azerbaijan were Georgia’s top trade partners this year, shows preliminary data from the National Statistics Office of Georgia (Geostat). Georgia’s top 10 trade partners in January-March 2017 made for 66 percent of the country’s total trade turnover, with Turkey ($331 million), Russia ($255 million) and Azerbaijan ($207 million) filling the top three spots.
Turkey, Russia, Azerbaijan – top trading partners
Turkey, Russia and Azerbaijan were Georgia’s top trade partners this year, shows 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).
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).