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Local share equals 89% in export to the EU

Local share equals 89% in export to the EU

As Georgia's First Deputy Minister of Economy and Sustainable Development Ekaterine Mikabadze stated, export showed record growth in 2019.

According to her, the export without re-export (local export) has increased by 5.7% than it was in 2018 and hit 2,352.300 USD.

She said it is 62.4% of the total export.

''As for the total export rate in 2019, it increased by 12.4% and reached 3,771.500 USD,'' she said.

As the National Statistics Office of Georgia reports, the export of cars, copper and concentrates, natural grape wine, medicines, mineral, and natural water has significantly grown in 2019.

The export of Georgian products to the EU has increased by 13.0%. The entire export included 21.9% of the total export, while the export volume to the CIS countries reached 2 003.100 USD.

''The local export growth caused the export increase to the EU,'' Georgian Deputy Minister Mikabadze said.

According to her, the export has significantly increased to Armenia, Romania, Ukraine, and Russia.

In Ekaterine Mikabadze's words, the Georgian government intensively works on export growth and diversification. 

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