Page 20 - bne IntelliNews Georgia country report October 2017
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5.0 External Sector & Trade
5.1 Balance of payments, current account
Georgia - External Trade 2011 2012 2013 2014 2015 2016 Jan-Aug 2017(e)
External trade turnover ($ mn)
9,259 10,433 10,933 11,463 9,505 9,407 6,618
Export (FOB) ($ mn)
2,186 2,377 2,910 2,861 2,205 2,113 1,683
Import (CIF) ($ mn)
7,072 8,056 8,023 8,602 7,300 7,294 4,935
Balance ($ mn)
-4,886 -5,680 -5,112 -5,741 -5,096 -5,181 -3,253
Export excluding re-export ($ mn)
1,693 1,606 1,812 1,873 1,637 1,657 1,322
Current account BPM6 ($ mn)
-1,842.23 -1,852.96 -934.7 -1,763.62 -1,684.3 -1,934.88 -372.72* (1Q17)
Current account to GDP (%)
-12.8% -11.7% -5.8% -10.7% -12% -13.3% /
Source: Geostat, CEIC
5.1.1 Import/export dynamics
Georgian foreign trade expands in Jan-Aug thanks to export growth
Georgia's foreign trade increased by 12.2% y/y to $6.6bn in January-August thanks to a 28.5% y/y uptake in exports to $1.6bn, national statistics agency Geostat reported on September 19.
20 GEORGIA Country Report October 2017 www.intellinews.com
