Georgian external trade up 21.8% in January-July 2021
The value of exports increased 27.8% and totalled $2.27 billion, while imports also increased 19.3%, amounting to $5.20 billion. Photo: Nino Alavidze/Agenda.ge.
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Georgia’s external trade turnover amounted to $7.48 billion in January-July 2021, which is 21.8% higher compared to the same period of the last year, show preliminary data from the National Statistics Office of Georgia (Geostat).
The value of exports increased 27.8% and totalled $2.27 billion, while imports also increased 19.3%, amounting to $5.20 billion.
Image: Geostat.
The trade deficit of Georgia in January-July 2021 amounted to $2.93 billion which is 39.2% of total trade turnover.
Georgian Economy Minister Natia Turnava said that increased export means increased production, more jobs and income.
She said that the promotion of exports and export industries is among the priority areas of the government.
Georgia’s external trade turnover amounted to $6.20 billion in January-June 2021, which is 20.7% higher compared to the same period of the last year. The value of exports increased 25.2% and totalled $1.88 billion, while imports also increased 18.9%, amounting to $4.32 billion.
What does it include?
Georgian Economy Minister Natia Turnava has presented a 10-year economic development strategy which covers 12 major areas, ranging from small business empowerment, investment attraction, to specific development policies and quantitative indicators in each key area that the country should achieve by 2025 and 2030.
Georgia has exported 1,636 tonnes of peaches and nectarines worth $1.43 million from May 1 to June 27 which is 18 times more than in the same period of last year, announces the Ministry of Agriculture of Georgia.
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