728x90
Home / Economy / External Trade of Georgia Rises in Value
Economy Ministry Predicts Export Growth

External Trade of Georgia Rises in Value

In January-October 2017 external merchandise trade (excluding non-declared trade) in Georgia amounted to USD 8566.1 million, 12.7 percent higher year-on-year.

The exports equaled USD 2203.1 million (29.4 percent higher), while the imports stood at USD 6363.0 million (7.8 percent higher).

The negative trade balance was USD 4160.0 million in January-October 2017 and its share in external trade turnover constituted 48.6 percent. Export excluding re-export amounted to USD 1700.6 million, 27.6 percent higher year-on-year. The charts below reflect basic trends of the external trade of Georgia for 2012-2017:

In January-October 2017 the external trade turnover of Georgia with the EU countries amounted to USD 2324.2 million, grew by 4.2 percent compared to the corresponding indicator of the previous year. Exports amounted to USD 531.1 million (17.1 percent higher), while imports amounted to USD 1793.2 million (0.9 percent higher).

The share of these countries in the external trade turnover of Georgia amounted to 27.1 percent, 24.1 percent in exports and 28.2 percent in imports (in January-October 2016 29.3, 26.7 and 30.1 percent correspondingly). 30.3 percent of the trade deficit came to the EU countries (31.5 percent in JanuaryOctober 2016). In January-October 2017 the external trade turnover of Georgia with the CIS countries totaled USD 2783.9 million (higher by 32.1 percent compared to January-October 2016). Exports stood at USD 911.5 million (59.6 percent higher), while imports equaled USD 1872.4 million (21.9 percent higher).

The share of the CIS countries in the external trade turnover of Georgia constituted 32.5 percent, 41.4 percent in exports and 29.4 percent in imports (In January-October 2016 27.7, 33.5 and 26.0 percent, respectively). In January-October 2017 compared to the corresponding period of the previous year, CIS countries accounted for 23.1 percent of the overall trade deficit (23.0 percent in January-October 2016).

Click here to see full report.