Georgian external trade up 35.3% in January-September

Georgian external trade turnover amounted to billion in January-September 2022, posting a 35.3 percent increase year-on-year, the national statistics office revealed on Thursday. 

The value of exports rose by 37.4 percent and equalled $4.09 billion in the reported period, while imports also grew by 34.4 percent, amounting to $9.51 billion.Image: Geostat

Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $5.41 billion, and the share of trade turnover hit 39.8 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.