Last minute

Georgia trade turnover

Georgia's foreign trade turnover drops in 1H2024

BAKU, Azerbaijan, July 16. Georgia's foreign trade turnover in the first half of 2024 dropped by 1.8 percent compared to the same period in 2023, totaling $10.3 billion, says the country's National Statistics Service, TurkicWorld reports.

From January to June 2024, the country imported goods worth $7.5 billion, a slight increase of 0.2 percent from the same period in 2023. The trade deficit rose to $4.6 billion, up 4.9 percent from the previous year.

Meanwhile, in 2023, Georgia's foreign trade turnover surged by 12.5 percent compared to 2022, reaching $21.5 billion. Exports of Georgian products amounted to approximately $6.1 billion, marking a 9.1-percent increase from 2022.

Imports for the year totaled $15.4 billion, a 14-percent rise compared to 2022.

Related articles