Georgia

In 2014, the value of merchandise exports of Georgia decreased slightly by 1.6 percent to reach 2.9 bln US$, while its merchandise imports increased moderately by 7.1 percent to reach 8.6 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large deficit of 5.7 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Western Asia at -1.7 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 16 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Georgia increased substantially by 16.5 percent, reaching 3.0 bln US$, while its imports of services increased moderately by 8.0 percent and reached 1.6 bln US$ (see graph 2). There was a large trade in services surplus of 1.4 bln US$.

Related Subject(s): International Trade and Finance

Countries: Georgia