Georgian Prime Minister Irakli Kobakhidze is expected to travel to Brussels in November to participate in an enlargement summit organized by Euronews on November 3. Meanwhile, the European Commission’s enlargement forum is scheduled to take place in the Belgian capital on November 15–16, where discussions are expected to include Georgia’s EU accession prospects. As in the previous year, the Georgian government has not been invited to the European Commission’s forum.
Against this backdrop, BM.GE has examined Georgia’s economic ties with Belgium, including bilateral trade, tourism, foreign direct investment and remittances.
Trade Turnover
Bilateral trade between Georgia and Belgium totaled $121.5 million in January–September 2026, down approximately by 26.5% from more than $165.2 million in the same period of 2025.
Despite the recent decline, annual trade turnover increased steadily between 2020 and 2025, reaching a record high last year.
- 2020: $99.3 million
- 2021: $113.5 million
- 2022: $149.3 million
- 2023: $166.1 million
- 2024: $176.2 million
- 2025: $203.6 million
Imports From Belgium
Imports account for the overwhelming majority of bilateral trade. In the first nine months of 2026, Georgia imported $118.1 million worth of goods from Belgium, a 26.8% decrease year-on-year.
Nevertheless, imports rose consistently from $81.3 million in 2020 to nearly $198.7 million in 2025.
The leading Belgian products imported by Georgia in January–September 2026 were:
- Petroleum and petroleum products — $19.16 million
- Passenger cars — $8.54 million
- Medical and veterinary instruments and equipment — $6.00 million
- Parts and accessories for tractors, passenger cars, trucks and special-purpose vehicles — $5.38 million
- Vaccines, blood and immunological products — $5.16 million
- Trucks — $3.72 million
- Sugar — $3.62 million
- Chocolate and other prepared foods containing cocoa — $3.37 million
- Orthopedic appliances and artificial body parts — $2.96 million
- Prepared or preserved frozen vegetables, excluding those preserved with vinegar — $2.83 million
Exports to Belgium
Georgia exported $3.33 million worth of goods to Belgium in January–September 2026, down by 8.95% compared with the same period a year earlier.
Passenger cars accounted for the largest share of exports, worth approximately $2.06 million. Other leading exports included finished goods, including clothing patterns ($442,400); manganese oxides ($181,400); hazelnuts and other nuts ($148,600); and natural grape wine ($125,600).
Other products exported to Belgium included vinyl acetate and other vinyl ester polymers in primary forms, fresh fruit, new pneumatic rubber tires, medical and veterinary instruments, and electrical and electronic waste and scrap.
Georgia’s exports to Belgium peaked at $28.7 million in 2022. Since then, they have declined each year, reaching $24.9 million in 2023, $10.8 million in 2024 and $4.95 million in 2025.
Tourism From Belgium
Georgia recorded 4,319 visits from Belgium in the first half of 2026, up 17.4% from 3,678 visits during the same period in 2025.
According to Geostat, the number of visitors from Belgium has generally increased following the pandemic-related downturn, surpassing pre-pandemic levels. Georgia recorded 9,247 visits from Belgium in 2019, followed by 10,093 in 2024 and a record 10,849 in 2025.
Foreign Direct Investment
Belgian foreign direct investment in Georgia totaled $3.44 million in the first half of 2026, five times the amount recorded in the first six months of 2025.
The figure was also close to Belgium’s total annual investment in Georgia in 2025, which amounted to $3.73 million.
Remittances
Money transfers from Belgium to Georgia have increased steadily in recent years. Remittances totaled $6.2 million in 2020 before exceeding $17 million in 2025.
In the first nine months of 2026, transfers from Belgium to Georgia reached $14.47 million.
