Imports to Georgia, excluding one-off imports of paintings and drawings, increased by 5.2% year-on-year in the first eight months of 2025, - according to the latest weekly market review by Galt & Taggart. The investment bank based its analysis on official data from Geostat.
In August 2025, exports of goods fell by 5.9% y/y to USD 603.0 million, following a 10.8% annual decline in July. Imports also decreased by 6.9% y/y to USD 1.4 billion (-3.6% y/y in July). As a result, the trade deficit in August narrowed by 7.7% y/y to USD 752.4 million.
The top five export commodities in August were:
- Cars (-12.6% y/y)
- Precious metals (+18.0% y/y)
- Ferroalloys (+63.2% y/y)
- Spirits (-4.5% y/y)
- Wine (-9.5% y/y)
In terms of destinations, 12.4% of exports went to the EU (+58.2% y/y), 73.0% to the CIS (-8.7% y/y), and 14.6% to other countries (-21.0% y/y).
The top five imported goods were:
- Cars (-30.4% y/y)
- Oil (+7.0% y/y)
- Medicines (+14.5% y/y)
- Telephones (-7.2% y/y)
- Gas (-1.6% y/y)
Overall, in January–August 2025, Georgia’s trade deficit widened by 11.5% y/y to USD 7.4 billion, as exports increased by 6.7% to USD 4.4 billion, while imports rose by 9.7% to USD 11.8 billion.
However, Galt & Taggart emphasized that excluding one-off imports of paintings and drawings, total imports grew at a more moderate pace of 5.2% y/y, and the trade deficit increased by 4.2% y/y over the same period.
