External trade of Georgia down 14.9% in January-September 2020

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).

• Export of Georgian apples increased six times compared to 2019

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.

• Georgian hazelnuts exports up 54% as of October 11

Trade deficit is an economic measure of the negative balance of trade in which a country's imports exceed its exports.