Georgian external trade up 18.9% in January-May 2023

The value of exports rose by 18.5 percent and equalled $2.50 billion, while imports also grew by 19.1 percent, amounting to $5.85 billion in the first five months of 2023. Photo: Nino Alavidze/Agenda.ge

Agenda.ge, 13 Jun 2023 - 11:48, Tbilisi,Georgia

Georgian external trade turnover amounted to $8.36 billion in January-May 2023, posting a 18.9 percent increase year-on-year, the Georgian National Statistics Office revealed on Tuesday

The value of exports rose by 18.5 percent and equalled $2.50 billion, while imports also grew by 19.1 percent, amounting to $5.85 billion in the first five months of 2023.

Image: Geostat

Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $3.35 billion, and the share of trade turnover hit 40.2 percent.