Georgian external trade up 35.3% in January-September
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. Photo: Nino Alavidze/agenda.ge
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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.
Georgia has exported locally produced goods worth $3.57 billion between January-August, which is a 36.9 percent increase year-on-year, preliminary data from the National Statistics Office of Georgia show.
Türkiye ($1.78 billion), Russia ($1.47 billion) and China ($1.22 billion) were the top trading partners of Georgia in its total external trade turnover in January-August 2022, preliminary data from the National Statistics Office of Georgia show.
Türkiye ($1.52 billion), Russia ($1.21 billion) and China ($1.09 billion) were the top trading partners of Georgia in its total external trade turnover in January-July 2022, preliminary data from the National Statistics Office of Georgia show.
Georgia exported a record $540 million of goods in July, marking a 40 percent increase compared to the same month of 2021, Prime Minister Irakli Garibashvili said at today's Government meeting.
Georgian deputy economy minister Genadi Arveladze on Tuesday told the Eastern Partnership Forum in Prague, Czechia the “correct policy” of the Georgian government to diversify its export markets had reduced the country’s reliance on the Russian market.
Türkiye ($2 billion), Russia ($1.71 billion) and China ($1.40 billion) were the top trading partners of Georgia in its total external trade turnover in January-September 2022, preliminary data from the national statistics office of Georgia show.