Minister of Economy: Georgian economy returning to positive development track

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.

At the same time, imports have reduced which means that the foreign trade balance has improved", Turnava said.

Overall, 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.

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

Last year exports reached a record high of $3.79 billion, which is an increase of 12.4 per cent compared to 2018.