13.Mar .2020 18:07

Export declined by 0.5% in February


National Statistics Office of Georgia (Geostat) has published a report on External Merchandise Trade. According to the preliminary data, commodity of 263, 6 million USD has been exported abroad in February, 2020, which is 0.5% less comparing to the same period of the last year.

However, import volume has made up 703,7 million USD, the figure is 8.5% more comparing to the same period of 2018.

As for the total data of January-February, external merchandise trade has made up 1.85 billion USD, 6.1 percent higher year-on-year. The value of export increased by 4.5 percent reaching USD 526.3 million, while the import increased by 6.8 percent and amounted to 1 328.7 million USD.

The trade deficit equaled USD 802.5 million and its share in trade turnover constituted 43.3 percent.