In January of 2023, Georgia experienced a significant surge in its foreign trade turnover, the National Statistics Office of Georgia reports. The total value of goods traded during this period reached a substantial 12 billion dollars, marking 18% increase compared to the previous year’s figures.
Exports were almost 3.6 billion dollars (an increase of 15.7%), and imports were 8.5 billion dollars (an increase of 19%).
However, this heightened import activity resulted in a negative trade balance of 4.9 billion dollars for January 2023. This balance signifies the difference between the value of goods exported and imported. This trade deficit constituted a significant 41% of the total foreign trade turnover for the same period.