External merchandise trade of Georgia shrinks
BAKU, Azerbaijan, Aug. 13
By Tamilla Mammadova – Trend:
External merchandise trade (excluding non-declared trade) of Georgia amounted to $6.03 billion from January through July 2020, Trend reports referring to the National Statistic Office of Georgia (Geostat).
As reported, this is 17.6 percent lower year-on-year.
The value of export decreased by 16.8 percent reaching $1.75 billion, while the import decreased by 17.9 percent and amounted to $4.27 billion.
The trade deficit equaled $2.51 billion and its share in trade turnover constituted 41.7 percent.
The external merchandise trade of Georgia amounted to $5.05 billion from January through June 2020, 18.2 percent lower compared to the same period of 2019.
In January-June 2020, the share of the top ten trading partners by exports in the total exports of Georgia amounted to 77.4 percent. The top partners were China ($205.1 million), Azerbaijan ($203.5 million) and Russia ($188.1 million).
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