Georgia’s external trade up 18% in Jan-Feb 2017
Tuesday, March 14Georgia’s external trade grew by 18 percent this year, reports the National Statistics Office of Georgia (Geostat).
External merchandise trade (excluding non-declared trade) of Georgia amounted to $1.4 billion in January-February 2017, shows the preliminary data from Geostat.
This year the value of Georgia’s exports dropped by 27 percent to $356 million, while the value of imports increased 15 percent to $1.06 billion with respect to January-February 2016.
Georgia’s trade deficit equalled $712 million this year, which was a 50 percent share of the country's total trade turnover.
Trade deficit is an economic measure of the negative balance of trade in which a country's imports exceed its exports.