January-October: Georgia’s external trade grows 22%

Georgia’s external trade has grown by 22 percent, shows the latest data from the National Statistics Office of Georgia (Geostat).

Between January and October, Georgia's external merchandise trade (excluding non-declared trade) amounted to $9.95 billion.

The value of Georgia’s export dropped seven percent to $1.70 billion, while the value of imports increased 31 percent to $ 8.24 billion, said Geostat.

Georgia’s trade deficit equalled $6.54 billion in the first 10 months of 2016, which was a 66 percent share of total trade turnover, showed preliminary data by the Geostat.

Trade deficit is an economic measure of a negative balance of trade in which a country's imports exceeds its exports.

Geostat said imports excluding the Hepatitis C treatment equalled $5.85 billion, two percent less compared to the same period of the previous year.
(Agenda.ge)