Georgia's trade turnover with CIS countries is steadily growing

Geostat published its report on foreign trade operations in Georgia in

January-October this year, according to which Georgia's turnover with

CIS countries amounted to $2.680 billion. This is 12% more than last

year and is 31% of the total foreign turnover of Georgia, including

52% of exports and 25% of imports. In 2011, these percentages were

respectively 32%, 48% and 28%.

In absolute terms, exports of Georgia to CIS countries amounted

to $1.023 billion , imports to $1.657 billion.

Geostat also noted that the CIS countries accounted for 14% of the

trade deficit of the country (in January-October last year - 18%). A

negative balance of trade with the CIS countries decreased by 12%.

The Commonwealth of Independent States (CIS) includes the

former Soviet republics except for Latvia, Lithuania and Estonia.

Georgia was a member of the CIS until August 2009.