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

Georgia’s trade deficit narrowed to USD 409.7 million in September of 2018 from USD 430.8 million in the corresponding month of the previous year. Exports rose 17.1 percent from a year earlier to USD 301.7 million and imports went up 3.3 percent to USD 711.4 million. 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
2018-08-13 07:00 AM Balance of Trade $-504M $-468.6M $ -449.3M
2018-09-13 07:00 AM Balance of Trade $-486.5M $-512.4M $ -446.1M
2018-10-16 07:00 AM Balance of Trade $-409.7M $-492.3M $ -477.8M
2018-11-13 07:00 AM Balance of Trade $-409.7M $ -443.5M
2018-12-13 06:00 AM Balance of Trade $ -445M


Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -409.70 -492.30 -6.34 -629.01 USD Million [+]
Exports 301.70 275.60 323.30 7.09 USD Million [+]
Imports 711.40 767.80 861.98 14.82 USD Million [+]
Current Account -382.00 -443.00 -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 389221.00 354973.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 389.20 287.00 740.50 79.60 USD Million [+]
Capital Flows 320.82 426.62 881.90 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 17410.96 17466.75 17466.75 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-409.70 -492.30 -6.34 -629.01 1995 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3247700.00 Jul/18
Switzerland 1447.00 Sep/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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