External trade of Georgia down 14.9% in January-September 2020
The value of exports decreased 12.1 per cent and reached $2.40 billion, while imports also decreased 15.9 per cent, amounting to $5.71 billion. Photo: Nino Alavidze/Agenda.ge.
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Georgia’s external trade turnover amounted to $8.12 billion in January-September 2020, which is a decrease of 14.9 per cent compared to the same period of last year, show preliminary data from the National Statistics Office of Georgia (Geostat).
The value of exports decreased 12.1 per cent and reached $2.40 billion, while imports also decreased 15.9 per cent, amounting to $5.71 billion.
The trade deficit of Georgia in January-September 2020 amounted to $3.31 billion which is 40.8 per cent of total trade turnover.
Trade deficit is an economic measure of the negative balance of trade in which a country's imports exceed its exports.
Turkey, Russia and China were Georgia's top trading partners in January-August 2020, show the preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade turnover amounted to $6.030 billion in January-July 2020, which is a decrease of 17.6 per cent compared to the same period of last year, show preliminary data from the National Statistics Office of Georgia (Geostat).
Turkey, Russia and China were Georgia's top trading partners in January-June 2020, show the preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s external trade turnover amounted to $4.20 billion in January-May 2020, which is a decrease of 16.8 per cent compared to the same period of last year, show preliminary data from the National Statistics Office of Georgia (Geostat).
The Georgian economy is gradually returning to a positive development track, says Georgian Economy Minister Natia Turnava, citing the recent statistics of the external trade of Georgia which shows that in September 2020 the exports of Georgia increased 8.6 per cent compared to the same month of last year.
Turkey, Russia and China were Georgia's top trading partners in January-September 2020, show the preliminary data from the National Statistics Office of Georgia (Geostat). Trade turnover with Turkey reached $1.12 billion, $934.6 million with Russia and $ 864.9 million with China.