Georgia’s external trade up 13% in January-July
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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.
Georgia’s external trade grew by 13.8 percent this year and reached $4829.9 million in January-June 2017, says the National Statistics Office of Georgia (Geostat).
Georgia’s top 10 trade partners in January-May 2017 made for 65.8 percent of the country’s total trade turnover, with Turkey ($591.1 million), Russia ($430.5 million) and Azerbaijan ($316.3 million) filling the top three spots.
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).