External Merchandise trade up by 12.5% in 2023
External Merchandise trade up by 12.5% in 2023
12:28, 22.01.2024

In 2023, external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 21 529.0 million, 12.5 % higher year-on-year, the Georgian National Statistic Service (GeoStat) reported.

The exports equalled USD 6 090.6 million (9.1 % higher), while the imports stood at USD 15 438.4 million (14.0 % higher).

The negative trade balance was USD 9 347.8 million in 2023 and its share in external trade turnover constituted 43.4 %.

According to Geostat, in 2023, the share of the top ten trading partners by exports in the total exports of Georgia amounted to 80.3 %. The top partners were Azerbaijan (USD 862.1 million), Armenia (USD 787.1 million) and Kazakhstan (USD 703.0 million).



By - Tamar Tabatadze

Economics
External Merchandise Trade
Геостaт
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