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External merchandise trade of Georgia increases

Business Materials 13 November 2019 12:28 (UTC +04:00)
External merchandise trade of Georgia increases

BAKU, Azerbaijan, November 13

By Tamilla Mammadova – Trend:

External merchandise trade (excluding non-declared trade) of Georgia amounted to $10.3 billion from January through October 2019, Trend reports via the Georgian National Statistics Office (Geostat).

The figure is 0.5 percent higher year-on-year.

The value of export increased by 10.4 percent reaching $3 billion, while the import decreased by 3.1 percent and amounted to $7.3 billion.

The trade deficit equaled $4.2 billion and its share in trade turnover constituted 41.4 percent.

The external merchandise trade of Georgia amounted to $9.1 billion from January through September 2019.

The exports equaled $2.7 billion (11.1 percent higher), while the imports stood at $6.4 billion (3.3 percent lower).

The negative trade balance was $3.7 billion from January through September 2019 and its share in external trade turnover constituted 40.8 percent.

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