Georgian external trade up 49.2% in January-February
In January 2022, the country’s external trade turnover equalled $1.1 billion, marking an increase of 41.1 percent year-on-year. Photo: Nino Alavidze/Agenda.ge
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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 value of exports in Georgia grew by 54.5 percent and totalled $760.4 million in the reporting period, while imports also increased by 47 percent, reaching $1.7 billion.
Image: Geostat
Trade deficit, a measure of the negative balance of trade in which imports exceed exports, totalled $1 billion, and the share in trade turnover added up to 40.1 percent.
In January 2022, the country’s external trade turnover equalled $1.1 billion, marking an increase of 41.1 percent year-on-year, while in 2021, Georgia’s exports amounted to $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 is dependent on import of dairy products “to some extent”, and enterprises in the country have no resources to export such goods on various markets, Georgian Agriculture Minister Otar Shamugia said on Wednesday.
Georgia’s “unprecedented” economic growth this year should be maintained and increased, Prime Minister Irakli Garibashvili said at the Government meeting on Monday.
Georgia has exported locally produced goods worth $331.3 million in January 2022, which is 47.6 percent higher year-on-year, the preliminary data from the National Statistics Office of Georgia (Geostat) show.
Georgian external trade turnover amounted to $1.1 billion in January 2022, an increase of 41.1 percent year-on-year, latest data from the National Statistics Office of Georgia (Geostat) shows.
Challenges in Georgia’s winemaking sector and diversification of international markets for promoting sales of wine from the country were in the focus of a meeting between Otar Shamugia, the Georgian Agriculture Minister, Kelly Degnan, the United States Ambassador to Georgia, and Peter Wiebler, the Director of the United States Agency for International Development (USAID) Georgia mission, on Thursday.
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.
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’s wine export growth rate reached more than 40 percent in January-February 2022, the Georgian Agriculture Minister Otar Shamugia said on Monday, adding the figure reflected the “purposeful policy” of the Georgian Government.
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.