Exports from Georgia to EU countries constitute nearly quarter of total exports
Baku, Azerbaijan, August 19
By Tamilla Mammadova – Trend:
In January-July 2019, the exports from Georgia to the EU countries amounted to $503.5 million, which is 20.6 percent higher compared to January-July 2018, and constituted 24 percent of total exports, Trend reports referring to Georgian National Statistics Office (Geostat).
The imports from the EU countries to Georgia amounted to $1,280.2 million, which is 12.6 percent lower compared to the 1H2018 and comprised 25.8 percent in total imports.
The external trade turnover of Georgia with the EU countries amounted to $1 783.8 million, showing a 5.2 percent decrease compared to the corresponding period of the previous year. The EU countries accounted for 27.2 percent of the trade deficit.
According to Geostat, in January-July 2019, the exports to the CIS countries stood at $1,105.8 million (26.6 percent higher compared to January-July 2018) and reached 52.6 percent of total exports, while the imports equaled $1,303.1 million (14.3 percent lower) with 26.3 percent in total import.
The trade turnover with the CIS countries totaled $2,408.9 million (0.7 percent higher than in 1H2018). The CIS countries accounted for 6.9 percent of the overall trade deficit in the corresponding period.
In January-July 2019, the external merchandise trade (excluding non-declared trade) of Georgia amounted to $7,065.3 million, 0.2 percent lower year-on-year.