Georgian external trade turnover amounted to $15.22 billion in January-October, up by 33.5% YoY, the national statistics office revealed on November 14.
The value of exports rose by 34% and equaled $4.54 billion in the reported period, while imports also grew by 33.2%, amounting to $10.68 billion.
Trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $6.13 billion, and the share of trade turnover hit 40.3%.
Last year, Georgia’s exports totaled $4.24 billion, while imports reached $10 billion. The total turnover was $14.31 billion, while the trade deficit was observed at $5.83 billion. (Agenda/Business World Magazine)