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.

Agenda.ge, 13 Oct 2020 - 12:24, Tbilisi,Georgia

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.

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