Georgian external trade up 22.9% in January-April 2023
Georgian external trade turnover amounted to $6.49 billion in January-April 2023, posting a 21.9 percent increase year-on-year. Photo: Nino Alavidze/Agenda.ge
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Georgian external trade turnover amounted to $6.49 billion in January-April 2023, posting a 21.9 percent increase year-on-year, the Georgian National Statistics Office revealed on Monday.
The value of exports rose by 23.5 percent and equalled $1.96 billion, while imports also grew by 21.2 percent, amounting to $4.53 billion in the first four months of 2023.
Image: Geostat
Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $2.57 billion, and the share of trade turnover hit 39.6 percent.
The European Union market has been becoming “more stable and predictable” for Georgian exporters, increasing exports of goods to the EU countries to a “record” number, Georgian Deputy Economy Minister Genadi Arveladze said on Friday.
Turkey ($673.7 million), Russia ($666.9 million) and China ($376 million) were the top trading partners of Georgia in its total external trade turnover between January and March, preliminary data from the National Statistics office of Georgia shows.
Export of Georgian agricultural products to countries of the European Union is on the rise, with the Ministry of Agriculture data showing a 21 percent year-on-year increase in the figure in the first quarter of 2023.
Georgian external trade turnover amounted to $4.78 billion in January-March 2023, posting a 22.1 percent increase year-on-year, the Georgian National Statistics Office revealed on Thursday.
Georgian Deputy Economy Minister Vakhtang Tsintsadze on Monday said exports from the country had reached a “record high” figure in the first four months of 2023.
Turkey ($925.3 million), Russia ($848.5 million) and Azerbaijan ($500.9 million) were the top trading partners of Georgia in its total external trade turnover between January and April, preliminary data from the National Statistics office of Georgia shows.