Geostat: In 2018 the external merchandise trade of Georgia amounted to USD 12 484.4 million
Geostat: In 2018 the external merchandise trade of Georgia amounted to USD 12 484.4 million

According to Georgian National Statistics Office of Georgia,  in 2018 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 12 484.4 million, 17.0 percent higher year-on-year. The exports equaled USD 3 362.1 million (22.9 percent higher), while the imports stood at USD 9 122.3 million (14.9 percent higher).

The negative trade balance was USD 5 760.2 million in 2018 and its share in external trade turnover constituted 46.1 percent. The exports excluding re-exports amounted to USD 2 297.1 million, 11.0 percent higher year-on-year.

According to GeoStat, in 2018 the exports from Georgia to the EU countries amounted to USD 730.3 million (11.5 percent higher compared to 2017) and constituted 21.7 percent in total exports, while the imports amounted to USD 2 629.1 million (19.5 percent higher) with 28.8 percent in total imports. The external trade turnover of Georgia with the EU countries amounted to USD 3 359.4 million, grew by 17.7 percent compared to the corresponding indicator of the previous year. 33.0 percent of the trade deficit came to the EU countries. In 2018 the exports to the CIS countries stood at USD 1 677.1 million (41.6 percent higher compared to 2017) and reached 49.9 percent of total exports, while the imports equaled USD 2 697.1 million (16.5 percent higher) with 29.6 percent in total import. The trade turnover with the CIS countries totaled USD 4 374.1 million (higher by 25.0 percent). The CIS countries accounted for 17.7 percent of the overall trade deficit in the corresponding period.

According to data, in 2018 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 72.0 percent. The top partners were Azerbaijan (USD 502.7 million), Russia (USD 437.3 million) and Armenia (USD 284.9 million). In 2018 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 65.4 percent. The top partners were Turkey (USD 1 470.1 million), Russia (USD 935.7 million) and China (USD 833.6 million).