Georgia's foreign trade down 11.8 percent

Georgia's foreign trade down 11.8 percent

access_time2020-05-19 13:48:54


 

According to the preliminary data of the National Statistics Office, in January-April 2020 Georgia’s foreign  trade (excluding non-declared trade) amounted to $ 3 463.5 million that is 11.8 percent less compared  to the same period of 2019.

The exports totaled  $ 1 001.3 million (11.9 percent less), imports stood at $ 2 462.2 million (11.8 percent less).

The negative trade balance was $ 1 460.8 million in January-April 2020 and its share in external trade turnover made 42.2 percent.

According to Sakstat, in January-April 2020 the share of the top ten trading partners by exports in Georgia’s total exports amounted to 78.1 percent. The top partners were Azerbaijan (USD 145.2 million), China (USD 135.5 million) and Russia (USD 125.6 million).

In January-April 2020 the share of the top ten trading partners by imports in Georgia’s total imports amounted to 68.9 percent. The top partners were Turkey ($ 406.0 million), Russia ($ 270.1 million) and Azerbaijan ($ 221.8 million).


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