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

Georgia's trade deficit increased to $297.60 million in January 2017 from $288.14 million the same month a year earlier, preliminary data showed. It was the smallest trade deficit since January 2016, as exports rose more than imports. Exports went up by 45 percent year-on-year to $177 million and imports grew 15 percent to $474 million in January. 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)
2016-12-19 08:00 AM Nov $-430.9M $-475.8M $ -780M
2017-01-16 07:00 AM Dec $-766.5M $-430.9M $-690M
2017-02-13 07:00 AM Jan $-297.6M $-545.1M $-540M
2017-03-13 06:00 AM Feb $-297.6M
2017-04-19 06:00 AM Mar
2017-05-19 06:00 AM Apr




Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -297.60 -545.10 -6.34 -1298.68 USD Million [+]
Exports 176.80 194.20 311.74 7.09 USD Million [+]
Imports 474.40 960.70 1473.42 14.82 USD Million [+]
Current Account -329.81 -502.67 -37.97 -925.65 USD Million [+]
Current Account to GDP -11.80 -10.60 -5.27 -22.07 percent [+]
Remittances 319249.00 306686.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 463.30 446.00 726.00 75.60 USD Million [+]
External Debt 15332.35 15058.65 15332.35 4175.11 USD Million [+]
Capital Flows 328.40 884.20 884.20 1.50 USD Million [+]
Crude Oil Production 1.00 1.00 2.80 0.98 BBL/D/1K [+]
Terrorism Index 1.26 2.37 4.83 1.26 [+]



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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-297.60 -545.10 -6.34 -1298.68 1995 - 2017 USD Million Monthly



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