• USD 65.55 +0.24
  • EUR 75.62 +0.01
  • BRENT 80.44

Georgian-Russian trade grows

In Q1 2016, Georgia’s foreign trade shrank by 7% to $2.14bn, with the trade deficit having dropped by 2.5% to $1.26bn, reports the National Statistics Office of Georgia.

Russia is the second biggest trade partner of Georgia – a trade turnover of $185mn (8.7% more than in Q1 2015), where Georgian exports and Russian imports grew by 41.5% to $38.5mn and by 2.5% to $146.5mn, respectively.

Among Georgia’s top five trade partners besides Russia are Turkey ($341.8mn, 5.3% less than in Q1 2015), China ($168.7mn, -12.1%), Azerbaijan ($160mn, -25.2%).

▼ читать продолжение новости ▼

According to the source, in Q1 2016 Georgia’s exports dropped by 11.9% to $442.81mn, while imports dropped by 5.1% to $1.7bn. But if we exclude the import of Irish anti-HCV drugs worth $208mn, the imports dropped by 16.7%. As a result, the trade deficit shrank by 18.5% to $1.05mn.

In Q1 2016, Georgia’s trade with the EU grew by 11% to $712mn (but with the Irish drug imports exclusive, the figure makes up $503.8mn or 20.9% less than in Q1 2015). During the same period trade with the CIS dropped by 15% to $574mn.

Permalink: eadaily.com/en/news/2016/04/20/georgian-russian-trade-grows
Published on April 20th, 2016 06:28 PM
All news

31.05.2018

30.05.2018

29.05.2018

28.05.2018

Show more news
Information
Press «Like», to read
EurAsia Daily in Facebook
Press «Follow», to read
EurAsia Daily in VK
Thank you, don't show this to me again