Georgia Trade Deficit Narrows in March

Georgia’s trade deficit narrowed to USD 895.3 million in March 2026 from USD 957.9 million a year earlier. Exports rose 24% year-on-year to USD 697 million, while imports increased at a slower pace of 4.7% to USD 1,592.3 million. In the first two months of the year, the trade gap also narrowed to USD 2,419.5 million from USD 3,060.6 million. During this period, exports rose 23.4% to USD 1,723.7 million, driven by stronger shipments to China (278.1%), Russia (12.1%), and Turkey (90.5%). By product, exports surged in oil and oil products (698.3%), precious metal ores and concentrates (220.9%), and ferroalloys (93.8%). Meanwhile, imports declined 7.1% to USD 4,143.2 million, dragged by lower purchases from the US (-42.4%) and Germany (-13.4%), as well as reduced imports of passenger cars (-26.1%) and other goods (-13.1%).

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).