Georgia's foreign trade declines for 5M2024

Georgia Materials 14 June 2024 10:07 (UTC +04:00)
Ingilab Mammadov
Ingilab Mammadov
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BAKU, Azerbaijan, June 14. Georgia's foreign trade decreased by 2.3 percent in the first five months of 2024, year on year, Trend reports via the Georgian National Statistics Office (Geostat).

Geostat pointed out that during the reporting period, the country’s trade turnover amounted to $8.4 billion.

Georgia's negative trade balance amounted to $3.87 billion, accounting for 46 percent of foreign trade turnover.

According to statistics, the exports decreased by 9.2 percent to $2.27 billion, while the imports grew by 0.5 percent to $6.14 billion.

To note, Georgia’s foreign trade increased by 12.5 percent in 2023, compared to 2022, totaling $21.53 billion in value.

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