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

Georgia's trade deficit widened to USD 543.7 million in March 2018, the largest since December 2017, compared to a USD 401 million in the same month a year earlier. Imports jumped 34.7 percent to USD 837.7 million while exports surged 33.1 percent to USD 293.9 million. Considering January to March 2018, the deficit was recorded at USD 1.34 billion, compared to a USD 1.14 billion deficit in the same period of 2017. 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
2018-02-13 07:00 AM Balance of Trade €-371.3M $-558.3M $ -514.4M
2018-03-13 07:00 AM Balance of Trade €-416.4M €-374.3M € -486.8M
2018-04-13 07:00 AM Balance of Trade $-543.7M $-424.6M € -371M
2018-05-15 07:00 AM Balance of Trade $-543.7M € -457.6M
2018-06-15 07:00 AM Balance of Trade € -432.7M
2018-07-13 03:00 AM Balance of Trade € -420.9M


Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -543.70 -424.60 -6.34 -629.01 USD Million [+]
Exports 293.90 223.70 311.74 7.09 USD Million [+]
Imports 837.30 648.20 861.98 14.82 USD Million [+]
Current Account -582.10 -134.60 -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 383422.00 367073.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 497.40 600.40 740.60 79.60 USD Million [+]
Capital Flows 541.70 205.10 881.90 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 17203.49 16712.72 17203.49 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-543.70 -424.60 -6.34 -629.01 1995 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -3935000.00 Jan/18
Switzerland 3215.34 Feb/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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