Jan-July 2018: Georgia’s external trade up 24.4%

Agenda.ge, 13 Aug 2018 - 15:18, Tbilisi,Georgia

Georgia’s external trade grew by 24.4 percent in January-July 2018 and reached $7.05 billion, says the National Statistics Office of Georgia (Geostat).

In the first seven months of 2018 the value of Georgia’s exports increased by 28.7 percent to $1.87 billion, while the value of imports also increased 22.9 percent to $5.18 billion with respect to January-July 2017, says the Geostat data.

Georgia’s trade deficit equalled $3.31 billion in January-July 2018, which was a 46.9 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.

Detailed data on external merchandise trade of Georgia will be published on August 20, 2018.