Georgia’s Foreign Trade Tumbles in January-February

Georgia’s foreign trade turnover in the first two months of 2021 was USD 1.7 billion – a decline of 12% compared to the same period last year, according to express data released by the National Statistics Office (Geostat) on March 15.

Exports decreased by 6.8% year-on-year to USD 494.7 million, while imports were down by 14.1%, reaching USD 1.16 billion. Meanwhile, the trade deficit stood at USD 664.6 million, constituting 40.2% of the trade turnover in  January-February 2021.

Also Read:

• Geostat: Annual Inflation 3.6% in February
• 2020 FDI in Georgia USD 616.9 Mln, Down by 52.9%
• Geostat: Georgia’s GDP Declined by 11.5% in January
• Georgia’s Foreign Trade in January 2021 (Express Data)

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