Georgia: As per the preliminary data from the Georgian National Statistics Office (Geostat), Georgia has exported a record $504 million of goods in the month of May, marking a 48 % increase as compared to the same month of the last year.
Exports in Georgia this year have been distributed as follows:
- January – $331 million
- February – $429 million
- March – $411 million
- April – $416 million
- May – $504 million
The update has not included precise data on the types of goods that have been exported or re-exported in the previous month, with figures on external merchandise trade to be published on June 20.
In other figures, imports increased by 45 per cent on-year on year basis and reached $1.1 billion in the month of May.
Overall, the external trade turnover of Georgia amounted to $6.91 billion between January-May 2022, posting a 37 per cent growth year-on-year, Geostat said.
The value of exports grew by 36.2 per cent and equalled $2.09 billion in the reported span, while imports also increased by 37.3 per cent, amounting to $4.82 billion.
The trade deficit, a measure of the negative balance of trade in which imports surpass exports, reached $2.72 billion, and the share of trade turnover hit 39.6 per cent.