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Foreign trade turnover of Georgia with the EU grew by 36 percent

2011-09-23 19:04

Foreign trade turnover of Georgia with the EU grew by 36 percent. 22384.jpegAs of January - August 2011, the external trade turnover of Georgia with the European Union amounted to $ 1,465 million. This is a 36 percent increase over the same period last year. According to "Business-Georgia," such data was reported today by the Georgian Statistical Office "Gruzstat". Georgian exports totaled $ 225 million, or 28 percent more than in the previous year, while imports - $ 1 239 million, up 38 percent from a year earlier.

The share of the EU countries in the total foreign trade turnover of Georgia was 26 percent. 16 percent of exports, while imports - 29 percent. In addition, the EU countries account for 34 percent of the trade deficit.

In addition, according to statisticians, increased turnover rate of Georgia with the CIS. Thus, during the period it was $ 189 million. This is a 41 percent increase over the same period of 2010. Exports amounted to $ 665 million - up 69 percent from a year earlier, and import - $ 1.23 billion, up 30 percent over last year.
Earlier today at a cabinet meeting, Prime Minister Nikoloz Gilauri reported that the volume of manufactured products of the country grew by 40 percent for eight months of this year. Gilauri summed up the macroeconomic parameters of development in Georgia over the 8 last months.

"Exports has grown by 40 percent, what is pretty good for this year. Imports has grown by 38 percent. The figures of the banking sector are quite encouraging, and the volume of deposits had increased by 11 percent. The volume of loans is 14 percent" - Gilauri said.

The Georgian president had also said that startinf from January to August of 2011 the country grew sales of car by 14 percents . In turn, the real estate market has grown by 30 percent.

In addition, transit and container transport pays increased by 14 percent, concluded the Prime Minister.

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