As the National Statistics Office said on Wednesday, Georgian external trade turnover posted a 14.7 percent year-on-year increase and amounted to $19.62 billion in January-November.
A rise by 11.1 percent was shown by the value of exports (totally $5.58 billion). A growth by 16.3 percent was reached by imports (totally $14.04 billion) in the reporting period.
43.1 percent was hit by the share of trade turnover, and trade deficit, a measure of the negative balance of trade in which imports exceed exports, reached $8.45 billion.
According to Vakhtang Tsintsadze, the Deputy Economy Minister, the volume of exports had exceeded the annual indicators of 2022.
He also said that state programs and policy steps taken by the state over the recent years to [increase] the competitiveness of small and medium-sized businesses and diversify foreign trade markets made it possible to observe positive trends in external trade.
“Record-high” figures in external trade were registered in the first 11 months of 2023.
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