Georgia’s external trade up 18% in Jan-Feb 2017
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Georgia’s external trade grew by 18 percent this year, reports the National Statistics Office of Georgia (Geostat).
External merchandise trade (excluding non-declared trade) of Georgia amounted to $1.4 billion in January-February 2017, shows the preliminary data from Geostat.
This year the value of Georgia’s exports increased by 27 percent to $356 million, while the value of imports also increased 15 percent to $1.06 billion with respect to January-February 2016.
Georgia’s trade deficit equalled $712 million this year, which was a 50 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.
Georgia’s external trade has grown by 17 percent in the first four months of this year compared to the same period of the previous year.