Georgia’s external trade up 3.6% in Jan-Feb 2019

Georgia’s external trade up 3.6% in Jan-Feb 2019

Georgia’s external trade grew by 3.6% in January-February 2019, reaching $1.73 billion, says the National Statistics Office of Georgia (Geostat).

In the reporting period the value of Georgian exports increased by 13.2% to $505 million, while the value of imports also increased 0.1% to $1.23 billion with respect to January-February 2018, said Geostat.

Last year Georgia’s trade deficit came out to $729.7 million, which was a 41.9% 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.

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