Georgia Balance of Trade

Last Release

Feb 28, 2025

Actual

-671.9

Units In

USD Million

-1,225

Frequency

Monthly

Next Release

Apr 22, 2025

Time to Release

1 Months 1 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
-6.34 Apr 1995	-1,225 Jan 2025	-310.44 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 narrowed to USD 671.9 million in February 2025 from USD 716.9 million in the same month of the previous year, according to preliminary estimates. This marked the smallest trade deficit since March 2023. Year-on-year, exports fell by 7.1% to USD 431.5 million, while imports declined by 6.6% to USD 1,103.4 million. In the first two months of the year, the country's trade deficit widened to USD 1,896.9 million compared to USD 1,343.5 million in the same period last year, as exports rose by 4.0% and imports surged by 19.6%.