Georgia's exports decrease by 2.2%
By Nika Gamtsemlidze
Monday, November 16
The National Statistics Office of Georgia has published a report regarding the external merchandise trade of Georgia from January 2020 to October 2020. The express release reads that the external merchandise trade of Georgia amounted to as much as $9159.5 million from January to October of this year.
The report also reads that the value of exports also decreased significantly in the country, by 11.1%, and is down to $2715.3 million. The imports have also declined by 16.6% and stand at $6444.2 million.
According to GEOSTAT, the trade deficit in the country equaled $3728.9 million, and the shares of it in trade turnover constituted 40.7 percent.
According to a report published by GEOSTAT, exports of goods from Georgia in October 2020 amounted to $312.6 million, which is 2.2% less than the same period in 2019. As for the imports, GEOSTAT noted that it fell 23.5% in October to $706 million.
The report of the National Statistics Office of Georgia also shows that for the first time since the beginning of the economic crisis in September, exports rose 8.3% year-on-year to $331 million. It is true that the volume of exports decreased in October, but it is not significantly lower than in 2019.
As for the total 10-month results, the report shows that exports amounted to $2.7 billion, which is 11% less than in 2019, while imports decreased by 16% and amounted to $6.4 billion.
The National Statistics Office of Georgia also noted that the final and detailed results of the international trading will be published on November 19, and it will be easier to tell which industry influenced the current situation the most.
The National Statistics Office of Georgia, the legal entity of public law, carries out its activities independently. It is an institution established to produce statistics and disseminate the statistical information according to the Georgian legislation. The National Statistics Office of Georgia is established by the Law of Georgia, 11 December 2009, on Official Statistics.
