Georgian foreign trade turnover decreases

  • 15:10 19 August 2019

Georgian foreign trade turnover decreases

Georgia’s foreign trade turnover amounted to $7 065,3 million in January-July 2019, ONA’s local bureau reports citing the National Statistics Office of Georgia.

The Office states that it is 0.2% less in comparison with the corresponding period of the previous year. The value of Georgian exports increased by 12.4 per cent amounted to $2 102,2 million, while the value of imports decreased by 4.7 per cent to $4 963,1 million compared to the same period of the previous year, according to the report.

In the reporting period, Georgia’s trade deficit came out to $2 860,9 million, which was a 40.5 per cent share of the country's total trade turnover.

During January-July, Georgia’s foreign export to ten countries became 72.7% of its total turnover. The greatest export partners of the country are Russia ($ 303,8 mln) and Azerbaijan ($ 266, 2 mln), and Armenia ($ 181,2 mln).

Said Babazadeh