NEWS

Georgia’s external trade up 12.2 % in January-August

Geostat said the country's trade deficit equalled $3,036m in January-July 2015. Photo by N. Alavidze/Agenda.ge

Agenda.ge, 13 Sep 2017 - 11:43, Tbilisi,Georgia

Georgia’s external trade grew by 12.2 percent this year and reached $6618.2 million in January-August 2017, says the National Statistics Office of Georgia (Geostat).

This year the value of Georgia’s exports increased by 28.5 percent to $1682.8 million, while the value of imports also increased 7.5 percent to $4935.5 million with respect to January-August 2016, said Geostat.

Georgia’s trade deficit equalled $3252.7 million this year, which was a 49.1 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.

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