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Georgia sees increase in trade relations with EU states

24 June 2014 16:56 (UTC+04:00)
Georgia sees increase in trade relations with EU states

By Jamila Babayeva

Georgia's external trade with the EU countries amounted to $1,165 billion in January-May 2014, up by 16 percent compared to the same indicator of 2013.

Exports amounted to $253 million (58 percent higher), while import amounted to $ 912 million (8 percent higher), the National Statistics Office reported.

The share of these countries in the external trade of Georgia amounted to 26 percent, 22 percent in exports and 27 percent in imports. Some 31 percent of the trade deficit came to the EU countries.

Georgia's external trade with the CIS countries also saw increase during the reported period. The external trade with these countries totaled $1,429 billion (higher by 11 percent compared to January-May 2013). Exports stood at $ 628 million (13 percent higher), while imports equaled $802 million (10 percent higher). The share of the CIS countries in the external trade of Georgia constituted 32 percent, 53 percent in exports and 24 percent in imports

The CIS countries accounted for 8 percent of the overall trade deficit in January-May 2014, compared to the same period of 2013.

During the reported period Georgia's external trade amounted to $4498 million (preliminary data), which 16 percent higher compared to the same period of 2013.

The exports equaled $1175 million (17 percent higher), while the imports stood at $3322 million (15 percent higher).

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