...

External merchandise trade of Georgia down

Business Materials 21 September 2020 11:47
External merchandise trade of Georgia down

BAKU, Azerbaijan, Sept.21

By Tamilla Mammadova – Trend:

The external merchandise trade (excluding non-declared trade) of Georgia amounted to $7.02 billion from January through August 2020, 16.7 percent lower to the same period of 2019, Trend reports referring to Georgian National Statistics Office (Geostat).

The exports equaled $2.07 billion (14.7 percent lower), while the imports stood at $4.95 billion (17.5 percent lower). The negative trade balance was $2.88 billion from January through August 2020 and its share in external trade turnover constituted 41 percent.

In January-August 2020 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 77.3 percent. The top partners were China ($296.6 million), Azerbaijan ($284.3 million), and Russia ($266 million).

In the reporting period, the share of the top ten trading partners by imports in the total imports of Georgia amounted to 69.9 percent. The top partners were Turkey ($840.7 million), Russia ($554.6 million), and China ($440.9 million).

In January-August 2020 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 70.4 percent. The top trading partners were Turkey ($970.4 million), Russia ($820.6 million), and China ($737.5 million).

---

Follow the author on Twitter: @Mila61979356

Tags:
Latest

Latest