Georgian external trade up 25.6% in 2021
In December of 2021, the exports amounted to 419.5 million USD, while imports amounted to 1.04 billion USD, and total turnover to 1.46 billion USD, while the trade deficit was 622.3 million USD. Photo: Nino Alavidze/Agenda.ge.
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Georgian external trade turnover amounted to 14.31 billion USD in 2021, which is an increase of 25.6% year-on-year, express data from the National Statistics Office of Georgia (Geostat) show.
The value of exports grew by 26.9% and equalled 4.24 billion USD, while imports also increased 25.1%, reaching 10 billion USD.
Image: Geostat.
The trade deficit, a measure of the negative balance of trade in which a country's imports exceed its exports, totalled 5.83 billion USD, and its share in trade turnover 40.7%.
In December of 2021, the exports amounted to 419.5 million USD, while imports amounted to 1.04 billion USD, and total turnover to 1.46 billion USD, while the trade deficit was 622.3 million USD.
Georgian Economy Minister Natia Turnava has stated that the export of Georgian products remains the main driving force of the country’s economic growth and recovery.