Export and import balance
By Messenger Staff
Monday, July 19According to January-May 2010 figures Georgia's foreign trade turnover was between USD 2.43 and USD 2.45 billion. Exports account for only USD 607 million of this, imports USD 1.827 billion. Therefore import exceeds export fourfold and the trend is for this imbalance to get worse.
Analyst Avtandil Silagadze thinks that this has a negative influence on the Georgian economy. He thinks the country should take serious steps to diversify exportable production. Georgia mainly exports ferroalloys, semi-purified gold, mineral water and alcoholic beverages but no industrial production and very little agricultural production. Silagadze thinks that the Government should take well-designed and seriously supported measures to help production in different fields of the economy.