Georgia’s external trade at $5.96 bln in Jan-June 2019
Georgia’s external trade decreased by 0.6 percent and reached $5.96 billion in January-June 2019, says the National Statistics Office of Georgia (Geostat).
The value of Georgian exports increased by 11.5 percent to $1.77 billion, while the value of imports decreased by 4.9 percent to $4.19 billion with respect to 2018, said Geostat.
In the reporting period, Georgia’s trade deficit came out to $2.41 billion, which was a 40.5 percent share of the country’s total trade turnover.
Trade deficit is an economic measure of the negative balance of trade in which a country’s imports exceed its exports.