Georgia’s trade deficit declined to USD 423.6 million in April of 2019 from USD 505.8 million in the corresponding month of the previous year. Exports jumped 34.2 percent from a year earlier to USD 307.4 million while imports fell 0.4 percent to USD 731 million. Considering the first four months of 2019, the deficit was recorded at USD 1.6 billion, compared to a USD 1.9 billion gap in the same period of 2018. Balance of Trade in Georgia averaged -239.36 USD Million from 1995 until 2019, 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.

Balance of Trade in Georgia is expected to be -490.10 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Georgia to stand at -496.50 in 12 months time. In the long-term, the Georgia Balance of Trade is projected to trend around -484.60 USD Million in 2020, according to our econometric models.

Georgia Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-13 07:00 AM Balance of Trade $-349.2M $-490.7M
2019-03-13 07:00 AM Balance of Trade $-376.5M $-353.3M
2019-04-15 07:00 AM Balance of Trade $-419.2M $-381.4M $-480M
2019-05-13 07:00 AM Balance of Trade $-423.6M $-433.4M $-520M
2019-06-13 07:00 AM Balance of Trade $-423.6M $-470M
2019-07-15 07:00 AM Balance of Trade $ -468M
2019-08-13 07:00 AM Balance of Trade $-530M


Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -423.60 -419.20 -6.34 -629.01 USD Million [+]
Current Account -503.81 2.95 2.95 -925.90 USD Million [+]
Current Account to GDP -8.00 -8.70 -5.27 -22.07 percent [+]
Imports 731.00 754.40 866.20 14.82 USD Million [+]
Exports 307.40 321.00 328.60 7.09 USD Million [+]
Terrorism Index 1.42 2.11 4.83 1.26 [+]
Remittances 421156.00 411157.00 421156.00 33643.00 USD Thousands [+]
Foreign Direct Investment 197.10 344.70 740.50 79.60 USD Million [+]
Capital Flows 486.73 156.98 881.90 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 17750.24 17224.60 17761.96 2835.30 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-423.60 -419.20 -6.34 -629.01 1995 - 2019 USD Million Monthly




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.39 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 528.50 Mar/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


Related

Latest