Georgia Balance of Trade  1995-2016 | Data | Chart | Calendar | Forecast

Georgia's trade deficit increased to $472.4 million in October 2016 from $428.2 million the same month a year earlier, as exports rose 0.8 percent while imports advanced at a much faster 7.4 percent. In the first ten months of the year, the trade gap widened to 6.56 billion from 4.47 billion the same period in the previous year. Exports dropped 7.2 percent, dragged by lower sales of motor cars, ferro-alloys, medicament and mineral or chemical fertilizers, while exports rose for copper ores and concentrates; and nuts. Top export partner was Russia (9 percent of total exports), followed by Turkey (8.9 percent) and China (8.5 percent). Imports grew 31.1 percent, as purchases of medicament rose sharply. Main import partners were Canada (21.7 percent of total imports), followed by Turkey (13.6 percent) and Ireland (7.5 percent). Balance of Trade in Georgia averaged -225.95 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)
2016-09-19 08:40 AM Aug $-493.4M $-497.2M $ -610M
2016-10-19 08:00 AM Sep $-1269.2M $-502.1M $ -566.6M
2016-11-21 08:00 AM Oct $-472.4M $-1270.9M $ -871.1M
2016-12-19 08:00 AM Nov $-472.4M $ -1049.2M
2017-01-20 09:00 AM Dec
2017-02-19 09:00 AM Jan




Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -472.40 -1270.87 -6.34 -1298.68 USD Million [+]
Exports 189.33 201.74 311.74 7.09 USD Million [+]
Imports 661.73 1472.62 1472.62 14.82 USD Million [+]
Current Account -502.67 -439.99 -37.97 -925.65 USD Million [+]
Current Account to GDP -11.80 -10.60 -5.27 -22.07 percent [+]
Remittances 306686.00 288170.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 445.30 388.60 726.00 75.60 USD Million [+]
External Debt 15058.65 14592.85 15058.65 4175.11 USD Million [+]
Capital Flows 865.18 323.26 879.30 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-472.40 -1270.87 -6.34 -1298.68 1995 - 2016 USD Million Monthly



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