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Georgia’s foreign trade turnover with CIS countries ups by third

Business Materials 23 December 2011 15:54 (UTC +04:00)

Georgia, Tbilisi, Dec. 23 / Trend N. Kirtskhalia /

The foreign trade turnover between Georgia and the CIS countries increases again.

The turnover amounted to $2.665 million (by 36 percent more than the same period last year) in January-November 2011. The exports amounted to 932 million (by 64 percent more), and import - 1.733 million (by 25 percent more), the Georgian Statistics Agency told Trend today.

The share of CIS countries in Georgia's total foreign trade turnover is 32 percent, including exports - 48 percent, imports - 27 percent (respectively - 32, 41 and 30 in January-November 2011).

About 18 percent of the trade deficit (in 2010 - 25 percent) fell to the CIS countries. The index of negative trade balance with these countries declined by two percent compared to January-November last year.

Georgia's total foreign trade turnover amounted to $8.259 million, or 37 percent more than the same period of last year.

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