Georgia’s external trade grew 22% in January 2017
Tweet 
Share
Georgia is increasing its trade power with European Union (EU), the Commonwealth of Independent States (CIS) and other countries, reports the National Statistics Office of Georgia (Geostat).
Georgia’s external trade grew by 22 percent in January 2017 and totaled $651 million, show the latest data from Geostat.
Last month the value of Georgia’s exports increased by 45 percent to $177 million, while the value of imports increased by 15 percent to $474 million.
Georgia’s trade deficit in January 2017 was equal to $298 million – a 46 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.
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).
Georgia’s external trade has grown 22 percent in the first 10 months of the year, reaching $9.95 billion, shows latest data from the National Statistics Office of Georgia (Geostat).
Between January and September 2016 Georgia's external trade turnover with European Union countries reached $2.5 billion.