Georgia's foreign trade decreased by 14.8%
By Natalia Kochiashvili
Friday, January 15
The National Statistics Office of Georgia (Geostat) released express data yesterday on foreign trade. According to the document, due to the economic crisis created by COVID-19 - the import of foreign goods decreased by 15.9% ($ 1.5 billion), which in 2020 amounted to $ 8 billion.
Exports of goods from Georgia were $ 3.34 billion, which is reduced by 12% annually.
"The negative trade balance was $ 4.66 billion in 2020 and accounted for 41.1% of foreign trade turnover," the report said.
According to Geostat, exports in December were $ 325.7 million, down 17.7% ($ 70 million). Imports totaled $ 799 million, down 17.9% ($ 174 million).
On the other hand, exports of goods from Georgia decreased by 12% by 2020 and amounted to $ 3.34 billion.
Thus, in 2020, the foreign trade turnover of goods in Georgia (excluding undeclared trade) amounted to $ 11 347.7 million which is 14.8% less than the corresponding figure of the previous year.
Detailed data on Georgia's foreign trade will be published on January 20 this year - accordingly, it will be clear what exports and imports of goods are reduced.
