Georgia’s external trade at $7.07 bln in Jan-July 2019
In the reporting period Georgia’s trade deficit came out to $2.86 billion. Photo: Nino Alavidze/Agenda.ge.
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Georgia’s external trade decreased by 0.2 per cent and reached $7.07 billion in January-July 2019, says the National Statistics Office of Georgia (Geostat).
The value of Georgian exports increased by 12.3 per cent to $2.10 billion, while the value of imports decreased by 4.7 per cent to $4.96 billion with respect to 2018, said Geostat.
In the reporting period Georgia’s trade deficit came out to $2.86 billion, which was a 40.5 per cent 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.
Trade turnover between Georgia and EU increased by 17.7% in comparison to 2017 and reached $3.35 billion in 2018, much in part thanks to the Deep and Comprehensive Free Trade Area (DCFTA) agreement with the EU.
Turkey, Russia and Azerbaijan 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-June 2019 made for 67.2 per cent of the country’s total trade turnover.
Georgia’s external trade decreased by 0.6 per cent and reached $5.96 billion in January-June 2019, says the National Statistics Office of Georgia (Geostat).
Georgia’s external trade stands at $4.9 billion in January-May 2019 – a 1.1 per cent increase compared to the same data from last year, Georgia’s National Statistics Office (GeoStat) says in its preliminary report for the period.
Turkey, Russia and Azerbaijan are Georgia’s top trade partners this year, show preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade turnover increased to $8.13 billion (0.01%) in January-August 2019, reports preliminary data by the National Statistics Office of Georgia (Geostat).
Georgia’s external trade turnover increased to $9.19 billion (+0.5%) in January-September 2019, show preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia's top trading partners were Turkey ($1.14 billion), Russia ($903.9 million) and Azerbaijan ($682.5 million) in January-August 2019, show the preliminary data from the National Statistics Office of Georgia (Geostat).