External Merchandise Trade of Georgia Grows by 22% in January

TBILISI - Georgia’s external trade has increased by 22 percent in January 2017 according to the latest preliminary report of the National Statistics Office of Georgia (Geostat) published today.

The report revealed that the External Merchandise Trade of Georgia amounted to $ 651 million in January, which is 22 percent more than the statistic for the same period of 2016.

The value of export increased by 45 percent reaching $ 177 million, while the import grew by 15 percent and amounted to $ 474 million with respect to January of the previous year.

The trade deficit equaled $298 million, and its share in trade turnover constituted 46 percent.

Detailed data on external merchandise trade of Georgia will be published on 20 February, 2017.

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.

Geostat says that the electronic Database of Customs Declarations (DBCD) is the main source of external merchandise trade transactions.

Geostat receives DBCD from the Revenue Service of Ministry of Finance of Georgia on a monthly basis.

Geostat produces External Merchandise Trade Statistics in line with the international methodology/standards.

By Thea Morrison