Exports down, imports up in Georgia

Georgia is exporting fewer products and importing more from abroad, says the country’s National Stat…

Georgia is exporting fewer products and importing more from abroad, says the country’s National Statistics Office, Geostat.

The volume of Georgia’s exports is on a slight downward trend while imports are on the rise, according to latest information by the country’s National Statistics Office, Geostat.

This week Geostat published dataabout external trade of Georgia for 2014 and compared it with earlier data; in the past five years Georgia’s export volumes has increased until now, while imports has steadily risen since 2010.

In 2014 the total value of Georgia’s exports was $2,861 million USD, while the value of all imports was $8,593 million USD. To compare, in 2013 the total value of Georgia’s exports was $2,910 million USD, while the value of all imports was $8,012 million USD.

Geostat noted in 2014 Europe was the largest importer of Georgian goods (worth $1,095 million), followed by countries in Asia ($1,453 million), America ($287 million), Africa $25 million) then Oceania region ($1 million).

Similarly, last year most imports came from Europe ($3,599 million), followed by countries in Asia ($4,479 million), America ($450 million), Africa ($61 million) and finally Oceania region countries ($4 million).

Overall, the Geostat data showed Asia took the largest share of Georgian external trade (51.8 percent) followed by Europe (41 percent), America (6.4 percent) and Africa and Oceania (with 0.8 percent combined).