Georgia Balance of Trade

Last Release

Mar 31, 2025

Actual

-836.8

Units In

USD Million

-703.8

Frequency

Monthly

Next Release

May 19, 2025

Time to Release

25 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
-6.34 Apr 1995	-1,225 Jan 2025	-311.98 USD Million	1995-2025	National Bank of Georgia

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. .

Latest Updates

Georgia's trade deficit widened to USD 836.8 million in March 2025 from USD 704.8 million in the corresponding month of the previous year, according to preliminary estimates. Year-on-year, imports rose by 14.3% to USD 1402.6 million, while exports increased at a slower pace of 8.2% to USD 565.8 million. In the first quarter of the year, the country’s trade deficit widened to USD 2,816.2 million compared to USD 2,185.6 million in the same period last year, as exports rose by 5.7% and imports surge by 20.1%.