Overview In August 2022 Georgia exported $4B and imported $13.4B, resulting in a negative trade balance of $9.38B. Between August 2021 and August 2022 the exports of Georgia have increased by $479M (13.6%) from $3.52B to $4B, while imports increased by $2.83B (26.9%) from $10.5B to $13.4B.
Trade In August 2022, the top exports of Georgia were Aircraft Parts ($570M), Cars ($235M), Sulfate Chemical Woodpulp ($187M), Poultry Meat ($143M), and Gas Turbines ($129M). In August 2022 the top imports of Georgia were Cars ($1.07B), Vaccines, blood, antisera, toxins and cultures ($455M), Telephones ($417M), Motor vehicles; parts and accessories (8701... ($349M), and Other Edible Preparations ($328M).
Destinations In August 2022, Georgia exported mostly to Canada ($605M), Mexico ($389M), China ($321M), Germany ($209M), and Singapore ($181M), and imported mostly from China ($2.56B), Mexico ($1.2B), South Korea ($976M), Vietnam ($815M), and Germany ($779M).
Growth In August 2022, the increase in Georgia's year-by-year exports was explained primarily by an increase in exports to China ($235M or 126%), Chile ($64.4M or 89.3%), and Canada ($34.7M or 8.13%), and product exports increase in Cars ($203M or 195%), Computers ($45.6M or 182%), and Gas Turbines ($30.9M or 44.4%). In August 2022, the increase in Georgia's year-by-year imports was explained primarily by an increase in imports from Mexico ($248M or 39.6%), China ($167M or 10.2%), and Belgium ($150M or 128%), and product imports increase in Vaccines, blood, antisera, toxins and cultures ($174M or 133%), Telephones ($149M or 220%), and Other Furniture ($77.2M or 57.2%).