Georgia sees increase in DPPI for Industrial Products
BAKU, Azerbaijan, Sept. 21
By Tamilla Mammadova – Trend:
Domestic Producer Price Index for Industrial Products (DPPI) increased by 0.7 percent In August 2020 compared to the previous month in Georgia, Trend reports referring to the National Statistics Office of Georgia (Geostat).
In the mentioned period the prices for electricity, gas, steam, and air conditioning were 3.3 percent higher.
Compared to August 2019, the DPPI increased by 3.5 percent. The prices went up for manufactured products by 4.9 percent and for products from electricity, gas, steam, and air conditioning by 4.1 percent. In the same period prices for products from mining and quarrying decreased by 4.5 percent.
Georgia exported locally produced goods worth $1.75 billion from January through July 2020, which is 16.8 percent lower year-on-year.
As reported, the share of domestic exports (export of locally produced goods and services, including those of foreign origin that have been substantially changed through local processing) in total exports constituted 61.6 percent and amounted to $1.08 billion, two percent lower compared to the January-August 2019.
In the reporting period, the share of the top 10 trading partners by domestic exports in the total domestic exports of Georgia amounted to 80.5 percent. The top partners were Russia ($206.9 million), Bulgaria ($142.8 million), and China ($118.3 million).
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