External merchandise trade down in Georgia
BAKU, Azerbaijan, Nov. 13
By Tamilla Mammadova – Trend:
External merchandise trade (excluding non-declared trade) of Georgia amounted to $9.15 billion from January through October 2020, 15 percent lower year-on-year, Trend reports with reference to the National Statistics Office of Georgia (Geostat).
The value of export decreased by 11.1 percent reaching $2.71 billion, while the import decreased by 16.6 percent and amounted to $6.44 billion.
The trade deficit equaled $3.72 billion and its share in trade turnover constituted 40.7 percent.
The external merchandise trade (excluding non-declared trade) of Georgia amounted to $8.12 billion from January through September 2020, 14.9 percent lower than the same period of 2019.
The exports equaled $2.4 billion (12.1 percent lower), while the imports stood at $5.7 billion (15.9 percent lower). The negative trade balance was $3.3 billion in January-September 2020 and its share in external trade turnover constituted 40.8 percent
In the reporting period, the share of the top ten trading partners by exports in the total exports of Georgia amounted to 76.9 percent. The top partners were China ($355.3 million), Azerbaijan ($327.9 million), and Russia ($308.6 million).
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