External Merchandise Trade down by 2.2 percent in January-May
External Merchandise Trade down by 2.2 percent in January-May

In January-May 2024 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 8 432.0 million, 2.2 percent lower year-on-year, the National Statistics Service (GeoStat) reported.

The exports equaled 2 274.0 million (9.2 percent lower), while the imports stood at USD 6 158.0 million (0.7 percent higher). The negative trade balance was USD 3 884.0 million in January-May 2024 and its share in external trade turnover constituted 46.1 percent.

In January-May 2024 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 79.7 percent. The top partners were Kyrgyzstan (USD 360.2 million), Kazakhstan (USD 274.8 million) and Russia (USD 273.1 million).