Georgia’s external trade turnover amounted to $8.67 billion in January-August, up by 22.2% YoY, preliminary data from the National Statistics Office of Georgia (Geostat) showed.
The value of exports increased by 25.7% and totaled $2.60 billion, while imports increased by 20.7%, amounting to $6.07 billion.
Economy Minister Natia Turnava said that exports of Georgia in the first eight months of 2021 increased by 7.2% compared to the same period of 2019, which was a pre-pandemic year.
“This means that the economic recovery is continuing. The growth of exports will be directly reflected in GDP, in economic growth rates, which gives us stimulus to believe that this year we will have double-digit economic growth”, said Turnava.
The trade deficit of Georgia in January-August amounted to $3.46 billion, or 40% of total trade turnover. (Agenda/Business World Magazine)