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Georgia notes growing trade deficit

by | Aug 17, 2012

TBILISI, DFWatch – Georgia’s trade deficit continued to increase from January to July 2012, but the country’s foreign trade turnover increased by 18 percent compared to last year and amounted to USD 5 761 million.

Georgia’s national statistics department GeoStat notes that it is still only preliminary data. Precise figures will be published on August 24.

According to preliminary figures, export totaled USD 1 352 million – 14 percent more than the same period in 2011. Import was USD 4 409 million – 19 percent more than last year.

The trade deficit in January – July was USD 3 057, which is 53 percent of the whole foreign trade turnover.



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