Trade Trend

In 2023, Georgia's total export value is 6.10Billion USD, total import value is 14.17Billion USD, Deficit is -8.07Billion USD, and foreign trade dependency is 0.664. In 2023，Georgia's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(2.13Billion USD), Copper ores and concentrates(479.28Million USD), Wine of fresh grapes, including fortified wines; grape must other than that of heading no. 2009(259.04Million USD), top export destinations are Azerbaijan(860.58Million USD), Armenia(782.24Million USD), Kazakhstan(702.97Million USD). In 2023, Georgia's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.94Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.17Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(540.42Million USD), top import origins are Turkey(2.52Billion USD), Russia(1.74Billion USD), China(1.32Billion USD).

Comparing to 2022, Georgia's total export value increased 505.07Million USD(9.03%) in 2023, this could result from its export increases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.22Billion USD or 135.29%), Ethyl alcohol, undenatured; of an alcoholic strength by volume of less than 80% volume; spirits, liqueurs and other spirituous beverages(47.99Million USD or 32.40%), Waters, including mineral and aerated waters, containing added sugar or sweetening matter, flavoured; other nonalcoholic beverages, not including fruit, nut or vegetable juices of heading no. 2009(26.32Million USD or 31.79%) and export increases to countries/economics such as Kyrgyzstan(603.21Million USD or 652.52%), Kazakhstan(464.79Million USD or 195.15%), Armenia(198.92Million USD or 34.10%). Comparing to 2022, Georgia's total import value increased 1.22Billion USD(9.40%) in 2023, this could result from its import increases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(775.79Million USD or 66.69%), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(137.56Million USD or 34.15%), Vehicles; for the transport of goods(69.24Million USD or 68.08%), and its import increases from countries/economies such as United States(523.71Million USD or 78.87%), Germany(208.85Million USD or 34.17%), China(198.75Million USD or 17.74%).

Cumulated to first 7 months of 2024, Georgia's total export value is 2.27Billion USD, total import value is 5.90Billion USD, and tradedeficit is -3.63Billion USD. Cumulated to first 7 months of 2024, Georgia's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(739.66Million USD), Wine of fresh grapes, including fortified wines; grape must other than that of heading no. 2009(140.68Million USD), Ferroalloys(105.58Million USD), and top export destinations are Kyrgyzstan(360.16Million USD), Kazakhstan(274.77Million USD), Russia(273.10Million USD). Cumulated to first 7 months of 2024, Georgia's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(739.66Million USD), Wine of fresh grapes, including fortified wines; grape must other than that of heading no. 2009(140.68Million USD), Ferroalloys(105.58Million USD), and top import origins areTurkey(1.06Billion USD), Russia(730.55Million USD), China(576.88Million USD).