Georgia’s foreign trade turnover drops in 1H2024

BAKU, Azerbaijan, July 16. Georgia’s foreign
trade turnover in the first half of 2024 dropped by 1.8 percent
compared to the same period in 2023, totaling $10.3 billion, says
the country’s National Statistics Service, Trend reports.

From January to June 2024, the country imported goods worth $7.5
billion, a slight increase of 0.2 percent from the same period in
2023. The trade deficit rose to $4.6 billion, up 4.9 percent from
the previous year.

Meanwhile, in 2023, Georgia’s foreign trade turnover surged by
12.5 percent compared to 2022, reaching $21.5 billion. Exports of
Georgian products amounted to approximately $6.1 billion, marking a
9.1-percent increase from 2022.

Imports for the year totaled $15.4 billion, a 14-percent rise
compared to 2022.