January-October: Georgia’s external trade grows 22%
Tuesday, November 15Georgia’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.