BAKU, Azerbaijan, Dec.14
By Tamilla Mammadova – Trend:
External Merchandise Trade (excluding non-declared trade) of Georgia amounted to $10.20 billion from January through November 2020, Trend reports citing National Statistics Office of Georgia (Geostat).
As reported, this is 14.6 percent decrease year-on-year.
The value of export decreased by 11.3 percent reaching $3.01 billion, while the import decreased by 15.9 percent and amounted to $7.18 billion.
The trade deficit equaled $4.16 billion and its share in trade turnover constituted 40.9 percent.
The external merchandise trade (excluding non-declared trade) of Georgia amounted to $9.15 billion from January through October 2020, 15 percent lower than the same period of 2019.
The exports equaled $2.71 billion (11.1 percent down), while the imports stood at $6.44 billion (16.6 percent down). The negative trade balance was $3.72 billion from January through October 2020 and its share in external trade turnover constituted 40.7 percent.
From January through October 2020 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 76.5 percent. The top partners were China ($418.9 million), Azerbaijan ($364.6 million), and Russia ($351.2 million).
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