Georgian external trade up 16.2% in January-October
The value of exports rose by 12.5 percent and equalled $5.10 billion, while imports also grew by 17.8 percent, amounting to $12.68 billion in the reporting period. Photo: Nino Alavidze/Agenda.ge
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Georgian external trade turnover amounted to $17.78 billion in January-October, posting a 16.2 percent increase year-on-year, the Georgian National Statistics Office revealed on Monday.
The value of exports rose by 12.5 percent and equalled $5.10 billion, while imports also grew by 17.8 percent, amounting to $12.68 billion in the reporting period.
Image: Geostat
Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $7.58 billion, and the share of trade turnover hit 42.6 percent.
Georgia exported locally produced goods worth $4.60 billion between January and September, marking a 12.7 percent year-on-year increase, the National Statistics Office said on Thursday.
Azerbaijan, Armenia and Russia were the top trading partners of Georgia in its total external trade turnover between January and September, preliminary data from the National Statistics office of Georgia shows.
Vakhtang Tsintsadze, the Georgian Deputy Economy Minister, on Thursday said his office expected the volume of export and trade turnover to hit “new record levels” this year, repeating the results of 2022.
The World Bank’s assessment of Georgia’s logistics capabilities has jumped from 119th to 79th position in its latest Logistics Performance Index, marking an improvement of 40 spots in the report assessing countries’ ability to move goods across borders with speed and reliability.
Turkey with $2.46 billion, Russia with $2.04 billion and the United States with $1.66 billion were the top trading partners of Georgia in its total external trade turnover between January and October, the National Statistics office of Georgia said on Monday.
Georgian external trade turnover amounted to $19.62 billion in January-November, posting a 14.7 percent year-on-year increase, the National Statistics Office said on Wednesday.
Turkey with $2.71 billion, Russia with $2.19 billion and the United States with $1.84 billion were the top trading partners of Georgia in its total external trade turnover between January and November, the National Statistics office said on Tuesday.