Overview: In January 2021 Georgia exported $3.17B and imported $9.07B, resulting in a negative trade balance of $5.91B. Between January 2020 and January 2021 the exports of Georgia have increased by $99.5M (3.24%) from $3.07B to $3.17B, while imports increased by $859M (10.5%) from $8.21B to $9.07B.
Trade: In January 2021, the top exports of Georgia were Aircraft Parts ($532M), Cars ($307M), Gas Turbines ($101M), Sulfate Chemical Woodpulp ($86.3M), and Poultry Meat ($84.3M). In January 2021 the top imports of Georgia were Cars ($762M), Other Edible Preparations ($350M), Blood, antisera, vaccines, toxins and cultures ($305M), Vehicle Parts ($236M), and Computers ($218M).
Destinations: In January 2021, Georgia exported mostly to Canada ($461M), China ($421M), Mexico ($253M), Germany ($188M), and Singapore ($151M), and imported mostly from China ($1.81B), Mexico ($876M), Germany ($614M), South Korea ($590M), and Japan ($529M).
Growth: In January 2021, the increase in Georgia's year-by-year exports was explained primarily by an increase in exports to China ($234M or 125%), Chile ($64.4M or 89.3%), and Canada ($47.2M or 11.4%), and product exports increase in Cars ($209M or 215%), Computers ($45.8M or 184%), and Gas Turbines ($31.4M or 45.3%). In January 2021, the increase in Georgia's year-by-year imports was explained primarily by an increase in imports from Mexico ($248M or 39.6%), China ($162M or 9.86%), and Belgium ($150M or 128%), and product imports increase in Blood, antisera, vaccines, toxins and cultures ($174M or 133%), Telephones ($147M or 213%), and Other Furniture ($77M or 57%).