Georgia’s External Trade Reaches $2.8 Bln in Jan - March 2019

Geostat, the National Statistics Office of Georgia, has announced that external trade amounted to $2.8 billion in January to March 2019.

The statistics show a 0.1% decrease in year-on-year trade. The value of Georgian exports was $826 million, a 12.8% increase compared to the same period in 2018, whilst the value of imports was $1.98 billion, a 4.7% decrease compared to 2018.

In 2018, external trade accounted for 41.1% of Georgia’s total trade turnover. Georgia’s trade deficit amounted to $1.16 billion last year, meaning imports exceeded exports significantly.

By Amy Jones

Photo source - Zimbabwe Situation