Georgia’s external trade up 18% in January-March

Georgian Non Timber Forest Products are recognised as one of the promising fields of Georgian agricultural sector. Photo by N. Alavidze/, 13 Apr 2017 - 12:36, Tbilisi,Georgia

Georgia’s external trade grew by 18 percent this year and reached $2.2 billion in January-March 2017, says the National Statistics Office of Georgia (Geostat).

This year the value of Georgia’s exports increased by 30 percent to $577 million, while the value of imports also increased 15 percent to $1,708 million with respect to January-March 2016, said Geostat

Georgia’s trade deficit equalled $1,132 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.