Georgia Posts Smallest Trade Deficit in Almost 3 Years

Georgia’s trade deficit widened to USD 790.6 million in February 2026 from USD 802.1 million in the corresponding month a year earlier. Exports climbed 26.6% year-on-year to USD 546.3 million, while imports grew at a slower pace of 8.4% to USD 1,336.9 million. Meanwhile, in the first two months of the year, the trade deficit narrowed to USD 1,459 million from USD 2,102.6 million. Exports rose 22.9% to USD 1,026 million, supported by stronger sales to China (289.1%), Turkey (80.9%), and Russia (28%). By product category, shipments rose sharply in oil and petroleum products (479.5%), precious metal ores and concentrates (216.8%), concentrates (116.8%), and ferroalloys (93.3%). On the other hand, imports declined 15.4% to USD 2,485.7 million, mainly due to reduced purchases from the USA (-55.9%), Germany (-29.5%), and Russia (-5.4%). Imports fell for passenger cars (-37.1%) and petroleum gases and other gaseous hydrocarbons (-7.4%).

Georgia’s trade deficit narrowed sharply to USD 649.1 million in January 2026 from USD 1,300 million in the corresponding month a year earlier, marking the smallest shortfall since February 2023. Exports climbed 19% year-on-year to USD 480.4 million, led by sales to China (USD 66,056 million), followed by Turkey (USD 52,121.2 million), and Kyrgyzstan (USD 49,938.5 million). Meanwhile, imports slumped 33.7% to USD 1,129.5 million, with the largest purchases coming from Turkey (USD 194,984.2 million), China (USD 157,257.8 million), and Russia (USD 156,819.1 million).

Georgia’s trade deficit widened slightly to USD 1,174.8 million in December 2025 from USD 1,149.3 million from a year earlier, marking the largest shortfall in eleven months. Imports rose 8.8% year-on-year to USD 1,848 million, while exports surged by 22.5% to USD 673.2 million. For the January-December period, the trade deficit widened sharply to USD 11,238.5 million from USD 10,328.1 million. Exports climbed 11.1% to USD 7,291.2 million, led by sales to Kyrgyzstan (USD 1498.8 million), followed by Kazakhstan (USD 910 million), and Russia (USD 749.3 million). Meanwhile, imports increased by 9.7% to USD 18,529.7 million, led by purchases from Turkey (USD 2,775 million), the USA (USD 2,723 million), and China (USD 1,985.4 million).