Tbilisi (GBC) - In 2023, external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 21, 529 billion, 12.5 % higher year-on-year, the Georgian National Statistic Service (GeoStat) reported.
The exports equalled USD 6, 090 billion (9.1 % higher), while the imports stood at USD 15, 438 billion (14.0 % higher).
The negative trade balance was USD 9,347 billion in 2023 and its share in external trade turnover constituted 43.4 %.
According to Geostat, in 2023, the share of the top ten trading partners by exports in the total exports of Georgia amounted to 80.3 %. The top partners were Azerbaijan (USD 862.1 million), Armenia (USD 787.1 million) and Kazakhstan (USD 703.0 million).
TOP-10 Exporting Markets:
- Azerbaijan – USD 862,070 million
- Armenia – USD 787,129 million
- Kazakhstan – USD 702,965 million
- Kyrgyzstan – USD 695,661 million
- Russia – USD 657,043 million
- Turkey – USD 409,200 million
- China – USD 310,873 million
- Bulgaria – USD 249.955 million
- Uzbekistan - USD 115,489 million
- Ukraine – USD 101,346 million
According to Geostat, in 2023 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 70.5 percent. The top partners were Türkiye (USD 2 570.1 million), USA (USD 1 949.3 million) and Russia (USD 1 744.5 million).
TOP- 10 Importing market:
- Turkey – USD 2,570 billion
- USA – USD 1.949 billion
- Russia – USD 1.744 billion
- China - USD 1.328 billion
- Germany – USD 948,059 million
- Azerbaijan – USD 653,911 million
- Japan – USD 598,533 million
- United Arab Emirates - USD 383,429 million
- Italy - USD 373,075 million
- Armenia - USD 335,917 million
