Georgia’s external trade up 21% in 2016
Thursday, January 19Georgia’s external trade grew by 21 percent in 2016 and totalled $11.98 billion, shows the latest preliminary data from the National Statistics Office of Georgia (Geostat).
Last year, the value of Georgia’s exports dropped by four percent to $2.11 billion, while the value of imports increased 28 percent to $9.87 billion, Geostat reported.
Georgia’s trade deficit equalled $7.75 billion in 2016, which was a 65 percent share of the country's total trade turnover, showed the latest data by Geostat.
Trade deficit is an economic measure of the negative balance of trade in which a country's imports exceed its exports.
Imports excluding Hepatitis C medications were worth $7.25 billion – 0.4 percent less compared to 2015. (agenda.ge)