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Georgia's foreign trade turnover increases

Georgia Materials 19 November 2021 11:56 (UTC +04:00)
Georgia's foreign trade turnover increases

BAKU, Azerbaijan, Nov. 19

By Maryana Akhmedova – Trend:

Georgian foreign trade turnover (excluding undeclared trade) from January through October 2021 amounted to $11.3 billion, which is 23 percent more than over the same period of 2020 – $9.1 billion, Trend reports via National Statistics Office (Geostat).

According to Geostat, Georgian exports over the reporting period of 2021 amounted to $3.3 billion – an increase of 24.9 percent, compared to $2.7 billion in the same period of 2020.

Georgian imports amounted to $7.9 billion from January through October 2021, which is an increase of 22.3 percent, compared to $6.4 billion over the reporting period of 2020.

The negative trade balance from January through October 2021 amounted to $4.5 billion and accounted for 40.2 percent of the total foreign trade turnover, Geostat reports.

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