World Economy

Georgia’s External Trade Up 18%

Georgia’s External Trade Up 18%Georgia’s External Trade Up 18%

Georgia’s external trade grew by 18% this year, reports the National Statistics Office of Georgia or Geostat. External merchandise trade (excluding non-declared trade) of Georgia amounted to $1.4 billion in January-February 2017, shows the preliminary data, reported. This year the value of Georgia’s exports dropped by 27% to $356 million, while the value of imports increased 15% to $1.06 billion compared to January-February 2016. Georgia’s trade deficit equaled $712 million this year, which was 50% of the country’s total trade turnover.

Add new comment

Read our comment policy before posting your viewpoints