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Georgia’s foreign trade turnover hits over $3.8 bln for Jan.-May

Business Materials 27 June 2013 18:15 (UTC +04:00)

Georgia, Tbilisi, June 27 / Trend, N. Kirtzkhalia /

Georgia's foreign trade turnover for January-May 2013 (excluding the non-organized trade) amounted to $3.881 billion, the Georgian Statistics Agency told Trend on Monday.

Georgia's exports for the period amounted to $1.001 billion or 4 percent more than in the same period of last year.

Georgia's imports hit $2.88 billion in January-May or by 7 percent less than in the same period of last year.

Georgia's negative trade balance for the reporting period amounted to $1.878 billion, or 48 percent of the total foreign trade turnover.

According the Georgian Statistics Agency, the trade turnover between Azerbaijan and Georgia amounted to $508 million for five months in 2013.

Turkey is among Georgia's largest trade partners. The trade turnover with this country over the period amounted to $574 million, while $279 million with Ukraine.

Georgia's trade turnover with the EU countries declined by 12 percent to $1.001 million for January-May. The country's exports amounted to $161 million or 8 percent less than in the same period of last year, while imports amounted to $ 840 million or 13 percent less than in January-May 2012.

The EU's share in Georgia's foreign trade turnover amounted to 26 percent, including 16 percent in exports and 29 percent in imports.

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