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

Georgia's trade deficit narrowed to USD 379.9 million in April 2017 from an upwardly revised USD 391.4 million in the same month a year earlier, preliminary data showed. It was the smallest trade deficit since January 2017, as export rose 28.1 percent to USD 211.6 million while imports went up 6.3 percent to USD 591.6 million. Considering January to April 2017, the deficit was recorded a USD 1.15 billion, as exports went up 29.9 percent to USD 788.1 million while imports increased by 12.7 percent to USD 2.3 billion. 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 Reference Actual Previous Consensus Forecast (i)
2017-03-13 07:00 AM Feb $-411.8M $-299.9M $-595M
2017-04-14 03:15 AM Mar $-397.6M $-409.1M $-430M
2017-05-15 07:00 AM Apr $-379.9M $-400M
2017-06-13 06:00 AM May $-379.9M
2017-07-19 06:00 AM Jun
2017-08-21 06:00 AM Jul




Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -379.90 -400.00 -6.34 -664.05 USD Million [+]
Exports 211.60 220.80 311.74 7.09 USD Million [+]
Imports 591.60 620.90 861.98 14.82 USD Million [+]
Current Account -701.88 -339.38 -37.97 -925.65 USD Million [+]
Current Account to GDP -12.60 -11.70 -5.27 -22.07 percent [+]
Remittances 319249.00 306686.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 330.30 468.50 726.00 75.60 USD Million [+]
Capital Flows 590.20 344.20 899.80 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 15496.18 15332.35 15496.18 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 Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-379.90 -400.00 -6.34 -664.05 1995 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico 616.79 Apr/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17