In 2013, the value of merchandise exports of Georgia increased substantially by 22.4 percent to reach 2.9 bln US$, while its merchandise imports increased slightly by 0.4 percent to reach 7.9 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large deficit of 5.0 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -1.4 bln US$ (see graph 4). Merchandise exports in Georgia were diversified amongst partners; imports were also diversified. The top 13 partners accounted for 80 percent or more of exports and 17 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Georgia increased substantially by 26.5 percent, reaching 2.5 bln US$, while its imports of services increased substantially by 14.4 percent and reached 1.4 bln US$ (see graph 2). There was a moderate trade in services surplus of 1.1 bln US$.

Related Subject(s): International Trade and Finance
Countries: Georgia
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