BUSINESS
Trade with the EU and the Commonwealth of Independent States (CIS) has grown significantly
21 August, 2018
Trade with the EU and the CIS has grown by 26% and 33.5 % respectively, says GeoStat, the Georgian National Statistics Office. The value of exports to the EU was approximately $417.7 million in the first seven months of 2018. This figure exceeds the value of last year’s exports for the same period by 20.2 % and equates to 22.3 % of Georgia’s total exports.

The value of imported goods from the EU over the first 7 months of 2018 was
approximately $1 536.1 million and equates to 29.7 % of the Georgia’s total imports.

The total value of trade (imports and exports) between Georgia and the EU equates to $1 953.8 million between January and July of 2018 and exceeds the value of total trade for last year by 25.6 %.

The trade deficit with the EU in the first seven months of 2018 equates to 33.8 % of Georgia’s total deficit for this period.

The value of exports to the CIS was approximately $872.9 million in the first seven months of 2018. This figure exceeds the value of last year’s exports for the same period by 52.1 % and equates to 46.7 % of Georgia’s total exports.
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Wine is one of the main product to be exported from Georgia

The value of imported goods from the CIS over the first 7 months of 2018 was approximately $1 513.7 million and equates to 29.2 % of Georgia’s total imports.

The total value of trade (imports and exports) between Georgia and the CIS equates to $2 386.6 million between January and July 2018 and exceeds the value of total trade for last year by 33.5 %.

The trade deficit with the CIS, in the first 7 months of 2018 equates to 19.4 % of Georgia’s total deficit for this period.

First photo courtesy: vesselfinder.com

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