Georgian external trade up 33.5% in January-October

Georgian external trade turnover amounted to $15.22 billion in January-October 2022, posting a 33.5 percent increase year-on-year, the national statistics office revealed on Monday. 

The value of exports rose by 34 percent and equalled $4.54 billion in the reported period, while imports also grew by 33.2 percent, amounting to $10.68 billion.

Image: Geostat

Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $6.13 billion, and the share of trade turnover hit 40.3 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.