Minister of Economy Natia Turnava claims that the Georgian economy is “recovering and developing.”
“We are witnessing the economic recovery, and foreign trade statistics confirm that. In March, we have a record increase in exports.
“We have very positive expectations, despite the great danger of the third wave approaching – the Georgian economy is reviving, developing; local production is expanding its export opportunities and entering new markets,” the Minister said.
For the record, on April 13, the National Statistics Office of Georgia (Geostat) released a new report, based on which, the value of export in January-March 2021 increased by 5.3% reaching $821.1 million.
The report also noted that the External Merchandise Trade (excluding non-declared trade) of Georgia amounted to $2,773.5 million in January-March 2021, 0.3% lower year-on-year.
The value of export increased by 5.3% reaching $821.1 million, while import decreased by 2.4%
and amounted to $1,952.4 million.
The trade deficit equaled $1,131.4 million and its share in trade turnover constituted 40.8%.
By Ana Dumbadze