Georgian external trade up 38% in January-March
Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $1.5 billion, and the share of trade turnover hit 39.4 percent. Photo: Nino Alavidze/Agenda.ge
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Georgian external trade turnover amounted to $3.8 billion in January-March 2022, posting a 38 percent increase year-on-year, the National Statistics Office of Georgia (Geostat) revealed on Wednesday.
The value of exports rose by 43.3 percent and equalled $1.1 billion in the reported period, while imports also grew by 35.8 percent, amounting to $2.6 billion.
Image: Geostat
Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $1.5 billion, and the share of trade turnover hit 39.4 percent.
Last year Georgia’s exports totalled $4.24 billion, while imports reached $10 billion. The total turnover was $14.31 billion, while the trade deficit was observed at $5.83 billion.
The nominal gross domestic product (GDP) of Georgia amounted to 60.23 billion GEL ($18.7bln/€16.94bln) in 2021, up by 22.3 percent year-on-year, while the real growth of GDP also increased by 10.4 percent, the preliminary data from the National Statistics Office of Georgia (Geostat) show.
Turkey ($354.4 million), Russia ($274.6 million) and Azerbaijan ($248.8 million) are the top trading partners of Georgia in total external trade turnover in January-February 2022, preliminary data from the National Statistics Office of Georgia (Geostat) show.
Georgia has exported locally produced goods worth $760.4 million in January-February 2022, which is 54.5 percent higher year-on-year, preliminary data from the National Statistics Office of Georgia (Geostat) show.
Georgian external trade turnover amounted to $2.5 billion in January-February 2022, an increase of 49.2 percent year-on-year, latest data from the National Statistics Office of Georgia (Geostat) shows.
The first batch of Georgian snails has been exported from Georgia to Italy, with the shipment including up to three tonnes of the product, the Georgian National Food Agency announced on Friday.
The Georgian Government will subsidise agricultural land owners with a state programme offering ₾300 ($97/€90) per hectare, Prime Minister Irakli Garibashvili announced on Monday.
Turkey ($562.4 million), China ($461.9 million) and Russia ($383.3 million) were the top trading partners of Georgia in its total external trade turnover in January-March 2022, preliminary data from the National Statistics Office of Georgia show.
Georgian external trade turnover amounted to $5.25 billion in January-April 2022, posting a 33.4 percent increase year-on-year, the National Statistics Office of Georgia (Geostat) revealed on Friday.