Georgian external trade up 38% in January-March

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.