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Georgia's trade turnover up in 1Q2022

Georgia Materials 13 April 2022 11:51 (UTC +04:00)
Georgia's trade turnover up in 1Q2022
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, April 13. Georgia’s foreign trade turnover (excluding non-declared trade) from January through March 2022 amounted to $3.8 billion, Trend reports via National Statistics Office (Geostat).

According to the statistical data, the current index increased by 38 percent, compared to $2.7 billion over the same period of 2021, as well as compared to the reporting period of 2020 ($2.7 billion).

Georgia’s exports in the first quarter of 2022 amounted to $1.1 billion, which is an increase of 43.3 percent, compared to $821.1 million over the same period of 2021, and by 50.4 percent, compared to $778.2 million in the reporting period of 2020.

Georgia’s imports in the reporting period of 2022 totaled $2.6 billion – an increase of 35.8 percent, compared to $1.95 billion from January through March 2021, and 30.6 percent, compared to the period of 2020 ($1.99 billion).

The trade deficit in Georgia from January through March 2022 equaled $1.5 billion with a 39.4 percent share in the total trade turnover.

The same index over the same period of 2021 amounted to $1.1 billion, while its share in the total trade turnover accounting for 40.8 percent.

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