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Georgia’s Foreign Trade Down 2.3% in January-May 2024

On June 13, the National Statistics Service of Georgia (Geostat) published express data indicating that the external merchandise trade (excluding non-declared trade) of Georgia decreased by 2.3% in January-May 2024 compared to the corresponding period of the previous year, amounting USD 8,419.9 million.

Source: Geostat

According to Geostat, Georgia’s external merchandise trade saw exports decreased by 9.2% to reach USD 2.274 billion, while imports increased by 0.5% and totalled USD 6.146 billion. The trade deficit amounted to USD 3.872 billion, representing 46% of the overall trade turnover.

Geostat will publish the detailed data on external merchandise trade of Georgia on June 19, 2024.

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This post is also available in: ქართული (Georgian) Русский (Russian)


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