Baku, Azerbaijan, September 19
By Tamilla Mammadova – Trend:
Exports of goods in Georgia went up by 12.4 percent in USD terms (+16.5 percent in euro and +29.7 percent in lari) or by $34 million in absolute terms over the trailing 12 months ending in August 2019, Trend reports referring to the TBC Research.
During the mentioned period, exports growth amounted to 13.4 percent year-on-year in USD terms (+19.2 percent in euro and +23.6 percent in lari).
Trade deficit decreased further in August by 12.5 percent in USD terms, spanning the 10th consecutive months of improvement since November 2018. Continued improvement of the trade balance supports the view that the external sector is reasonably strong.
Over the same period, imports declined moderately by 3.7 percent year-on-year (-0.1 percent in euro and +11.2 percent in lari) or by $28 million in absolute terms.
Over the last 12 months as of August, imports was down by 1.6 percent year-on-year in USD terms (+3.4 percent in euro and +7.1 percent in lari), contributing to a sizeable improvement of the trade balance.