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Re-export of cars from Georgia decreases

Business Materials 22 May 2020 17:53 (UTC +04:00)
Re-export of cars from Georgia decreases

BAKU, Azerbaijan, May 22

By Tamilla Mammadova – Trend:

Re-export of cars significantly decreased in the structure of Georgian exports from January through April 2020, Trend reports with reference to National Statistics Office of Georgia (Geostat).

Meanwhile, according to the results of 2019, re-export of cars ranked second in the total volume of Georgia's exports.

In April 2020, re-export of cars amounted to 355 units, while in April 2019 - 6,033; and the decline was 94 percent, said the committee.

The import of cars also decreased, amounting to 1,100 units in April 2020 comparing to 5,712 in April 2019.

The external merchandise trade (excluding non-declared trade) of Georgia amounted to $3.46 billion from January through April 2020, 11.8 percent lower compared to the same period of 2019.

The exports equaled $1 billion (11.9 percent lower), while the imports stood at $2.46 billion (11.8 percent lower).

The negative trade balance was $1.46 billion in January-April 2020, and its share in external trade turnover constituted 42.2 percent.

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