In First Economic Quarter, Georgia’s External Trade Amasses to $2.77 Billion

The National Statistics of Georgia (Geostat) issued a quarterly analysis of Georgia’s economy which displays that Georgia’s external trade yield accumulated $2.77 billion from January to March. The data shows that this is a 2.7% increase compared to last year.

The trade deficit, which is a subtract to show the balance between imports and exports, amounts to $1.23 billion and is 43.9% of total trade turnover.

“The value of exports decreased by 5.9% reaching $778.2 million, while the imports decreased by 1.4% and amounted to $1,995.8 million,” reads the report on trade deficit.

By Elene Dzebisashvili

13 April 2020 22:45