Georgia’s external trade turnover amounted to $11.34 billion in 2020, which is a decrease of 14.8 per cent compared to last year, show preliminary data from the National Statistics Office of Georgia (Geostat).
The value of exports decreased 12 per cent and amounted to $3.34 billion, while imports decreased 15.9 per cent, amounting to $8 billion.
External merchandise trade tendencies of Georgia in 2015-2020. Photo: National Statistics Office of Georgia.
The trade deficit (an economic measure of the negative balance of trade in which a country's imports exceed its exports) amounted to $4.66 billion and its share in trade turnover constituted 41.1 percent.
In the last month of 2020, the exports amounted to $325.7 million, while imports amounted to $799 million. In December 2020, the total turnover amounted to $1.12 billion, while the trade balance was negative $473.3 million.
Georgia’s external trade turnover amounted to $12.83 billion in 2019, which is an increase of 2.7 per cent compared to 2018.