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

Georgia's trade deficit widened to USD 556.8 million in December 2017 from a USD 552.5 million in the same month a year earlier. It was the largest trade deficit since December 2014. Imports increased 13.5 percent to USD 845.1 million while exports jumped 49.9 percent to USD 288.2 million. For the full year 2017, the deficit was recorded at USD 5,276.8 million, compared to a USD 5,181.5 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
2017-11-13 07:00 AM Balance of Trade $-468M $-431.1M
2017-12-13 07:00 AM Balance of Trade $-521M $-470.1M
2018-01-16 03:00 AM Balance of Trade $-556.8M $-530.11M $ -465.6M
2018-02-13 07:00 AM Balance of Trade $-556.8M $ -514.4M
2018-03-13 07:00 AM Balance of Trade $ -528.6M
2018-04-13 03:15 AM Balance of Trade $ -526.4M


Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -556.80 -530.10 -6.34 -629.01 USD Million [+]
Exports 288.20 236.70 311.74 7.09 USD Million [+]
Imports 845.10 766.80 861.98 14.82 USD Million [+]
Current Account -130.61 -317.44 -37.97 -925.65 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 367073.00 338903.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 346.60 404.40 726.00 75.60 USD Million [+]
Capital Flows 365.60 399.10 879.30 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 16712.72 16416.51 16712.72 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-556.80 -530.10 -6.34 -629.01 1995 - 2017 USD Million Monthly




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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