Georgia’s external trade up 13% in January-July

Georgia’s external trade grew by 13 percent this year and reached $5674.7 million in January-July 2017, says the National Statistics Office of Georgia (Geostat).

This year the value of Georgia’s exports increased by 28.9 percent to $1446.2 million, while the value of imports also increased 8.5 percent to $4228.6 million with respect to January-July 2016, said Geostat.

Georgia’s trade deficit equalled $2782.4 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.