External merchandise trade increases in Georgia
BAKU, Azerbaijan, Feb. 19
By Tamilla Mammadova – Trend:
The external merchandise trade (excluding non-declared trade) of Georgia amounted to $882.5 million in January 2020, 5.7 percent higher compared to the same month of 2019, Trend reports citing Georgian National Statistical Service (Geostat).
As reported, the exports equaled $262.6 million (10 percent higher), while the imports stood at $619.8 million (4 percent higher).
The negative trade balance was $357.2 million in January 2020 and its share in external trade turnover constituted 40.5 percent.
Last month, the share of the top ten trading partners by exports in the total exports of Georgia amounted to 82.8 percent. The top partners were China ($44.4 million), Azerbaijan ($44 million) and Russia ($33.4 million).
In January 2020, the share of the top ten trading partners by imports in the total imports of Georgia amounted to 70.4 percent. The top partners were Turkey ($97.2 million), Russia ($72.6 million) and China ($65 million).
As reported, the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 72.2 percent. The top trading partners were Turkey ($117.1 million), China ($109.4 million) and Russia ($106 million).
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