Georgia’s foreign trade grew 5% in 2014

Georgia’s foreign trade turnover in 2014 was five percent more than the previous year according to preliminary data from the National Statistics Department, GeoStat.

The turnover totaled USD 11.4 million.

According to the preliminary report, export was USD 2.8 million, which is two percent less than the previous year, while import was USD 8.5, 7 percent more than the year before.

The trade deficit was USD 5.7 million, which is 50 percent of the total turnover.

According to precise data, the foreign trade turnover in 2013 was USD 10.3 million with USD 5,117 million negative trade balance, while in 2012 it was USD 10.4 million with a USD 5.6 million trade deficit.

GeoStat publishes financial data in two steps; preliminary and precise reports. Precise data for Georgia’s foreign trade turnover in 2014 will be published on January 21. (DF watch)