Georgia Balance of Trade  1995-2017 | Data | Chart | Calendar | Forecast

Georgia's trade deficit widened to USD 397.6 million in March 2017 from USD 390.2 million in the same month a year earlier. Export rose 36.4 percent from a year earlier to USD 220.8 million while imports went up 12 percent to USD 618.4 million, preliminary data showed. In February 2017, trade deficit came in at USD 409.1 million. Considering January to March 2017 the goods deficit was recorded a USD 1.1 billion, exports rose by 30.2 percent to USD 576.5 million while imports increased by 14.9 percent to USD 1.7 billion. Balance of Trade in Georgia averaged -226.74 USD Million from 1995 until 2016, reaching an all time high of -6.34 USD Million in April of 1995 and a record low of -1298.68 USD Million in June of 2016.

Georgia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-13 07:00 AM Jan $-297.6M $-545.1M $-540M
2017-03-13 07:00 AM Feb $-411.8M $-299.9M $-595M
2017-04-14 03:15 AM Mar $-397.6M $-409.1M $-430M
2017-05-15 06:00 AM Apr $-397.6M
2017-06-13 06:00 AM May
2017-07-19 06:00 AM Jun




Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -397.10 -409.10 -6.34 -664.05 USD Million [+]
Exports 220.80 178.90 311.74 7.09 USD Million [+]
Imports 618.40 590.70 1473.42 14.82 USD Million [+]
Current Account -701.88 -339.38 -37.97 -925.65 USD Million [+]
Current Account to GDP -12.60 -11.70 -5.27 -22.07 percent [+]
Remittances 319249.00 306686.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 330.30 468.50 726.00 75.60 USD Million [+]
Capital Flows 590.20 344.20 899.80 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 15496.18 15332.35 15496.18 4175.11 USD Million [+]
Terrorism Index 1.26 2.37 4.83 1.26 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Georgia Balance of Trade Notes

Georgia's increasing trade deficits are a by-product of Russia's trade embargo. Georgia has failed to diversify its exports and relies heavily on agriculture and low value added resource exploration. Georgia's main imports are oil, motor cars, pharmaceutical products, wheat and meslin, sugar and electrical equipment. Georgia's main trading partners are Turkey, Azerbaijan, Ukraine, Germany, Russia, the United States and Bulgaria. . This page provides the latest reported value for - Georgia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Georgia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-397.10 -409.10 -6.34 -664.05 1995 - 2017 USD Million Monthly



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