"In January-February 2021, exports
of agricultural commodities increased by
20%, while agro imports decreased by 13%," – ISET institute study says.
"In January-February 2021, Georgia's total exports amounted to $ 495 million that was 7% less than in the same period of 2020 ($ 531 million). However, in 2021 agro exports increased by 20% to $ 134 million ($ 112 million in 2020).
The country's total imports fell by 13%, from $ 1,349 million to $ 1,159 million. The same trend was observed in agro imports, which decreased by 13% in January-February 2021 from $ 165 million to $ 143 million.
The pandemic had a negative impact on the people’s incomes across the world and the decline in international trade was not unexpected. The lari’s collapse has further increased pressure on imports. "It is interesting that if the growth in agro-exports registered in January-February 2021 is maintained in the long run, it will positively affect Georgia's international trade," – ISET research reads .