Georgia’s trade surplus narrowed to USD 380.7 million in June of 2019 from USD 471.4 million in the corresponding month of the previous year. Exports edged down 0.2 percent to USD 307.2 million while imports slumped 11.7 percent to a four-month low of USD 688 million. Balance of Trade in Georgia averaged -241.23 USD Million from 1995 until 2019, reaching an all time high of -6.34 USD Million in April of 1995 and a record low of -629.01 USD Million in December of 2014.

Balance of Trade in Georgia is expected to be -418.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Georgia to stand at -496.50 in 12 months time. In the long-term, the Georgia Balance of Trade is projected to trend around -484.60 USD Million in 2020, according to our econometric models.

Georgia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-15 07:00 AM Balance of Trade Mar $-419.2M $-381.4M $-480M
2019-05-13 07:00 AM Balance of Trade Apr $-423.6M $-433.4M $-520M
2019-06-13 07:00 AM Balance of Trade May $-417.2M $-436.2M $-470M
2019-07-15 07:00 AM Balance of Trade Jun $-380.7M $-425M $-468M
2019-08-13 07:00 AM Balance of Trade Jul $-380.7M $-530M
2019-09-13 07:00 AM Balance of Trade Aug $-500M
2019-10-15 07:00 AM Balance of Trade Sep $ -418M


Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -380.70 -425.00 -6.34 -629.01 USD Million [+]
Current Account -233.40 -500.60 2.81 -925.90 USD Million [+]
Current Account to GDP -7.70 -8.80 -5.27 -22.07 percent [+]
Imports 688.00 760.80 866.20 14.82 USD Million [+]
Exports 307.20 335.80 335.80 7.09 USD Million [+]
Terrorism Index 1.42 2.11 4.83 1.26 [+]
Remittances 421156.00 411157.00 421156.00 33643.00 USD Thousands [+]
Foreign Direct Investment 197.10 344.70 740.50 79.60 USD Million [+]
Capital Flows 486.73 156.98 881.90 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 17828.44 17750.24 17828.44 2835.30 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Georgia Balance of Trade

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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-380.70 -425.00 -6.34 -629.01 1995 - 2019 USD Million Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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