According to Geostat, export from Georgia to abroad has made up 292.4 million USD in August, which equals to 900 million GEL.Export from Georgia is declined by 23.7 million USD or 7.5% in August due to COVID-19 crisis.
As of the report, import volume is more declined comparing to export. Import is decreased by 19.3% or 153.8 million GEL comparing to 2019 and amounts to 643.3 million USD.
Exports amounted to 2,071.4 million USD (14.7 per cent less), while imports amounted to 4 951.4 million USD (17.5 percent less). The negative trade balance in January-August 2020 amounted to 2 880.0 million USD and accounted for 41 per cent of foreign trade turnover.
Geostat will publish detailed data on Georgia's foreign trade on September 21.
See all the news
Franco Frattini - Georgia, straying from the rule of law
Letter to the Newsweek Editor: 'Russia Determined to Wield Power in Georgia'
Caspiannews: Georgia’s Actions to Seize Foreign Company Disrupt Telecommunications Corridor Between Europe & Asia
Turkish cable manufacturer Koc Kablo has opened its first factory in Georgia
TBC Bank announces management change
Oil prices fall further on virus fears, U.S. crude stock build
Update on Shuakhevi HPP
Turkey to open doors to 31 countries for health tourism
Statement by Andrius Kubilius on the EU assistance for Georgia
Wine sales have increased 5 times in the UK - Georgian-British startup
Visa informed banks of the mechanism to process transactions with expired cards
Russian Church, which priest tested positive for coronavirus is closed for several days
S&P: Georgia Heads Toward Recession
Gurian Tea "Gamarjoba" will Appear on the Market from September
Coronavirus: Boris Johnson moved to intensive care
Georgian economy grows 2.2% in February
First-Stage Land Usage Permit for APM Terminals Poti
www.stopcov.ge is accessible in minority languages
TBC Bank and OPEC Fund sign a $50 million trade finance loan agreement
How will Nenskra HPP Reduce the Electricity Import?