External Merchandise Trade of Georgia Grows by 22%

Georgia’s external trade has increased by 22 percent according to the latest preliminary report of the National Statistics Office of Georgia (Geostat) published Monday.

The report revealed that the External Merchandise Trade of Georgia amounted to USD 9.950 billion in January-October 2016 and in total grew by 22 percent from the same period of the previous year.

Moreover, Geostat says that the value of export decreased by 7 percent to reach USD 1.701 billion, while the import grew by 31 percent and amounted to USD 8.249 billion with respect to January-October of the previous year. The trade deficit equaled USD 6.548 billion and its share in trade turnover constituted 66 percent.

The report also reads that import without Hepatitis C medicaments equaled USD 5.851 billion, 2 percent less year-on-year.

A detailed report about external trade will be published by Geostat on November 21.

The National Statistics Office of Georgia is a legal entity of public law and carries out its activities independently. It is an institution established to produce statistics and disseminate statistical information according to Georgian legislation.

Thea Morrison