Georgia Balance of Trade  1995-2018 | Data | Chart | Calendar | Forecast

Georgia's trade deficit widened to USD 504 million in July 2018 from a USD 429.3 million in the same month a year earlier. It is the largest trade gap since April. Imports jumped 21.8 percent to USD 781.9 million while exports surged 30.7 percent to USD 277.9 million. Considering the first seven months of 2018, the deficit was recorded at USD 3.3 billion, compared to a USD 2.8 billion gap in the same period of 2017. Balance of Trade in Georgia averaged -233.45 USD Million from 1995 until 2018, reaching an all time high of -6.34 USD Million in April of 1995 and a record low of -629.01 USD Million in December of 2014.

Georgia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-15 07:00 AM Balance of Trade $-479.3M $-500.6M $ -432.7M
2018-07-13 07:00 AM Balance of Trade $-462.3M $-485.9M $ -467.6M
2018-08-13 07:00 AM Balance of Trade $-504M $-468.6M $ -449.3M
2018-09-13 01:50 AM Balance of Trade $-504M $ -446.1M
2018-10-15 07:00 AM Balance of Trade $ -477.8M
2018-11-13 07:00 AM Balance of Trade $ -443.5M


Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -504.00 -462.30 -6.34 -629.01 USD Million [+]
Exports 277.90 308.90 323.30 7.09 USD Million [+]
Imports 781.90 771.20 861.98 14.82 USD Million [+]
Current Account -435.30 -593.70 -37.90 -925.90 USD Million [+]
Current Account to GDP -13.30 -12.00 -5.27 -22.07 percent [+]
Terrorism Index 2.11 1.26 4.83 1.26 [+]
Remittances 354973.00 383422.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 279.30 519.90 740.60 79.60 USD Million [+]
Capital Flows 411.70 570.80 881.90 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 17466.75 17203.49 17466.75 4175.11 USD Million [+]

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



Georgia Balance of Trade

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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-504.00 -462.30 -6.34 -629.01 1995 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1308.99 Jun/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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