Preliminary data: Georgia’s external trade up 13.8% in 2017
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Georgia’s external trade grew by 13.8 percent in 2017 and reached $10.70 billion, says the National Statistics Office of Georgia (Geostat).
Last year the value of Georgia’s exports increased by 29.1 percent to $2.72 billion, while the value of imports also increased 9.4 percent to $7.97 billion with respect to 2016, says the Geostat preliminary data.
Georgia’s trade deficit equalled $5.25 billion this year, which was a 49 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 22 January, 2018.
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.
Georgia’s external trade with EU up 5.6%, with CIS up 31.2%
Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries.
Georgia’s external trade with EU up 7.4%, with CIS up 31%
Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries.