Georgia’s external trade up 12.7 % in January-October

Georgia’s external trade grew by 12.7 percent this year and reached $8566.3 million in January-October 2017, says the National Statistics Office of Georgia (Geostat).

This year the value of Georgia’s exports increased by 29.4 percent to $2203.1 million, while the value of imports also increased 7.8 percent to $6363.3 million with respect to January-October 2016, said Geostat.

Georgia’s trade deficit equalled $4160.2 million this year, which was a 48.6 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.