In 10 months, exports from Georgia decreased by 11.1%, imports by 16.6%

In the first 10 months of this year, exports of goods from Georgia decreased by 11.1%, while imports decreased by 16.6%, according to the foreign trade figures published by Geostat.

According to Geostat, in January-October 2020, the foreign trade turnover of goods in Georgia (excluding undeclared trade) amounted to 9 159.5 million USD, which is 15 percent less than the corresponding period of the previous year. Of this, exports amounted to 2 715.3 million USD (11.1 per cent less) while imports amounted to 6 444.2 million USD (16.6 percent less). The negative trade balance in January-October 2020 amounted to 3 728.9 million USD and accounted for 40.7 percent of foreign trade turnover. According to Geostat, detailed data on Georgia's foreign trade will be published on November 19.