Georgia

Overview In January 2024 Georgia exported $3.93B and imported $11.3B, resulting in a negative trade balance of $7.34B. Between January 2023 and January 2024 the exports of Georgia have increased by $45.6M (1.18%) from $3.88B to $3.93B, while imports decreased by $-470M (-4%) from $11.7B to $11.3B.

Trade In January 2024, the top exports of Georgia were Aircraft Parts ($613M), Gas Turbines ($214M), Cars ($169M), Telephones ($143M), and Poultry Meat ($107M). In January 2024 the top imports of Georgia were Cars ($1.12B), Vaccines, blood, antisera, toxins and cultures ($633M), Motor vehicles; parts and accessories (8701... ($315M), Refined Copper ($287M), and Telephones ($284M).

Destinations In January 2024, Georgia exported mostly to Canada ($538M), Mexico ($427M), China ($268M), Netherlands ($183M), and Singapore ($169M), and imported mostly from China ($1.52B), South Korea ($1.5B), Mexico ($1.25B), Germany ($817M), and Japan ($673M).

Growth In January 2024, the increase in Georgia's year-by-year exports was explained primarily by an increase in exports to Canada ($116M or 26.4%), Mexico ($90.8M or 27.8%), and Thailand ($74.9M or 229%), and product exports increase in Cars ($129M or 84.1%), Gas Turbines ($77.8M or 126%), and Office Machine Parts ($57.9M or 266%). In January 2024, the decrease in Georgia's year-by-year imports was explained primarily by an decrease in imports from China ($-739M or -29.9%), Chile ($-336M or -80%), and Singapore ($-151M or -26.3%), and product imports decrease in Refined Copper ($-333M or -85.4%), Other Edible Preparations ($-216M or -44.6%), and Cars ($-207M or -19.8%).