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Georgia’s Foreign Trade Turnover Up 17 Percent in 2018

In 2018 Georgia’s foreign trade turnover  (without undeclared trade) amounted to USD 12 484.4 million, which is 17.0 percent more  than in the previous year.

Exports amounted to 3 362.1 million (+22.9%), imports – 9 122.3 million (+ 14.9%).

The negative trade balance amounted to $ 5 760.2 million and made 46, 1% of the total trade turnover.

Export to the EU countries increased by 11.5%, while in the CIS – by 42%.

According to Sakstat, in 2018 Georgia’s exports to the EU countries amounted to USD 730.3 million (11.5 percent higher compared to the 2017) and constituted 21.7 percent in total exports, while the imports amounted to USD 2 629.1 million (19.5 percent higher) with 28.8 percent in total imports. Georgia’s external trade turnover with the EU countries totaled  USD 3 359.4 million that is  17.7 percent more compared to the previous year. The EU countries  account for 33.0 percent of the trade deficit.

In 2018 the exports to the CIS countries stood at USD 1 677.1 million (41.6 percent more compared to 2017) and reached 49.9 percent of total exports.

The imports amounted to  USD 2 697.1 million (16.5 percent higher) or  29.6 percent of total imports. The trade turnover with the CIS countries totaled USD 4 374.1 million (higher by 25.0 percent).

The CIS countries accounted for 17.7 percent of the overall trade deficit in the corresponding period.