Economy

Georgia’s foreign trade Jan-Apr was 13% lower than last year

by | May 13, 2015
car_market

Used cars (12%) and copper ore (12%) are two of the categories of goods Georgia exports most of. (Interpressnews.)

TBILISI, DFWatch–Georgia’s foreign trade turnover in the first four months of 2014 was 13 percent less than in the same period last year, according to preliminary figures published by the National Statistics Department, GeoStat.

The turnover totaled USD 3,015 million in January-April, out of which export made up USD 689 million, 26 percent less than last year, and import was USD 2,326 million, 8 percent less than last year.

There was a negative trade balance in the measured period of USD 1,637 million, which is 54 percent of the total trade turnover.

This year’s foreign trade turnover in the first four months is comparable to what it was in 2013, but the negative trade balance was about USD 150 million less. In 2012, foreign trade turnover was USD 3,185 million with USD 1,737 negative trade balance.

GeoStat will publish precise trade data on May 21.



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