Georgia’s External Merchandise Trade Shows Growth

Following the preliminary data results published by the National Statistics Office of Georgia (Geostat), the external merchandise trade of Georgia amounted to $5674.7 million for the period from January 2017 to July 2017, up by 13.0 percent y/y. The value of export is reported to have increased by 28.9 percent ($1446.2 million) with import growth at an 8.5 percent increase ($4228.6 million), compared to 2016.

The preliminary data provided by National Statistics Office states that the trade deficit stood at $2782.4 million, with its share in trade turnover at 49.0 percent.

Geostat is to publish more details on external merchandise trade in Georgia on August 21.

Nino Gugunishvili