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External merchandise trade down in Georgia

Business Materials 13 April 2021 13:07 (UTC +04:00)
External merchandise trade down in Georgia

BAKU, Azerbaijan, April 13

Tamilla Mammadova – Trend:

External Merchandise Trade (excluding non-declared trade) of Georgia amounted to $2.77 billion from January through March 2021, Trend reports the National Statistics Office of Georgia (Geostat).

As reported, this is 0.3 percent lower year-on-year.

The value of export increased by 5.3 percent reaching $821.1 million, while the import decreased by 2.4 percent and amounted to $1.95 billion.

The trade deficit equaled $1.13 billion and its share in trade turnover constituted 40.8 percent.

The external merchandise trade (excluding non-declared trade) of Georgia amounted to $1.65 billion from January through February 2021, 12 percent lower than the same period of 2020.

In the reporting period, the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 73.5 percent. The top trading partners were Turkey ($248.5 million), Russia ($202.7 million), and China ($193.7 million).

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