According to preliminary data of Statistics Service, in November exports from Georgia decreased by 35% and amounted to USD 203 million, imports decreased by 7% and amounted to USD 725 million.
A decline in exports began in August, while imports increased in September-October.
In January-November 2014, the foreign trade turnover of Georgia amounted to USD 10, 4 billion, which is 7% more than in the same period of 2013. Export accounts for USD 2.6 billion, which is 7% higher than last year, imports – 7.7 billion that is 9% higher.
During this period, the negative balance amounted to USD 5.1 billion and made 49% of trade turnover.
Details of the November data will be released on December 24, but it is already clear that a decline in exports is mainly due to the deteriorating economic situation in Russia and Ukraine, as well as a 40% decline in re-exports of cars to Azerbaijan in comparison with 2013 – in April imports of cars manufactured before 2005 was banned in the country.