Georgia’s external trade up 16.3 % in January-February
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Georgia’s external trade grew by 16.3 percent this year and reached $1.68 billion in January-February 2018, says the National Statistics Office of Georgia (Geostat).
This year the value of Georgia’s exports increased by 25.5 percent to $446.4 million, while the value of imports also increased 13.3 percent to $1.23 billion with respect to January-February 2017, said Geostat.
Georgia’s trade deficit equalled $790.7 million this year, which was a 47 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.
Georgia is strengthening its trade relations with the European Union (EU), the Commonwealth of Independent States (CIS) and other countries. Last month, trade turnover with European Union (EU) countries increased by 6.6 percent year-on-year (y/y) and amounted to $211.5 million.
Turkey, Russia and China are Georgia’s top trade partners in 2017, shows the preliminary data from the National Statistics Office of Georgia (Geostat). Georgia’s top 10 trade partners in 2017 made for 66.7 percent of the country’s total trade turnover, with Turkey, Russia and China filling the top three spots.
Copper ores and concentrates, ferro-alloys and motor cars were Georgia’s top exported commodities in January-November 2017, shows the preliminary data from the National Statistics Office of Georgia (Geostat).
Turkey, Russia and China are Georgia’s top trade partners this year, shows the preliminary data from the National Statistics Office of Georgia (Geostat). Georgia’s top 10 trade partners in January-October 2017 made for 66.1 percent of the country’s total trade turnover.