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Georgian foreign trade turnover with CIS amounted to $419 million

Business Materials 23 March 2012 16:49 (UTC +04:00)
Georgian foreign trade turnover with the CIS amounted to $419 million in January-February 2012 (five percent more than last year), National Statistical Service of Georgia told Trend on Friday.
Georgian foreign trade turnover with CIS amounted to $419 million

Georgia, Tbilisi, March 23 /Trend N.Kirtzkhalia/

Georgian foreign trade turnover with the CIS amounted to $419 million in January-February 2012 (five percent more than last year), National Statistical Service of Georgia told Trend on Friday.

According to the information $140 million of this amount accounts for export (32 percent increase) and $280 million for import (four percent increase).

The share of CIS countries in total foreign trade turnover of Georgia is 31 percent, including in exports - 45 percent, imports - 27 percent (34, 36 and 33 percent respectively in 2011). Nineteen percent of the trade deficit accounts for the CIS countries (32 percent in January-February 2011).

The rate of negative trade balance with these countries fell by 25 percent in January-February 2012 compared to same period last year.

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