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

Georgia's trade deficit narrowed 8 percent to USD 463.6 million in August 2017 from a USD 503.8 million in the same month a year earlier, as exports rose more than imports, preliminary data showed. Exports jumped 25.7 percent to USD 236.1 million while imports went up 1.2 percent to USD 699.7 million. Considering January to July 2017, the deficit was recorded at USD 3,252.7 million, compared to a USD 3,280.8 million deficit in the same period of 2016. 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 Actual Previous Consensus TEForecast
2017-07-14 03:00 AM Balance of Trade $-392.7M $-418M $-450M
2017-08-15 12:45 AM Balance of Trade $-424.3M $-414.2M
2017-09-14 01:50 AM Balance of Trade $-463.6M $-430.5M
2017-10-13 06:00 AM Balance of Trade $-463.6M
2017-11-13 06:00 AM Balance of Trade
2017-12-13 06:00 AM Balance of Trade


Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -463.60 -430.50 -6.34 -629.01 USD Million [+]
Exports 236.10 212.50 311.74 7.09 USD Million [+]
Imports 699.70 643.00 861.98 14.82 USD Million [+]
Current Account -401.08 -716.53 -37.97 -925.65 USD Million [+]
Current Account to GDP -13.30 -12.00 -5.27 -22.07 percent [+]
Remittances 338896.00 290065.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 403.30 330.30 726.00 75.60 USD Million [+]
Capital Flows 422.40 578.00 883.20 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 15642.87 15496.18 15642.87 4175.11 USD Million [+]
Terrorism Index 1.26 2.37 4.83 1.26 [+]

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-463.60 -430.50 -6.34 -629.01 1995 - 2017 USD Million Monthly




balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.64 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -1259000.00 Jun/17
Switzerland 2173.00 Aug/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17