2026.04.2007:39:29UTC+00Georgia Trade Deficit Narrows in March

Georgia’s trade deficit narrowed to USD 895.3 million in March 2026, down from USD 957.9 million in the same month a year earlier. Exports increased by 24% year-on-year to USD 697 million, while imports rose at a more moderate pace of 4.7% to USD 1,592.3 million. Over the first two months of the year, the trade gap also narrowed, to USD 2,419.5 million from USD 3,060.6 million a year before. During this period, exports climbed 23.4% to USD 1,723.7 million, supported by robust growth in shipments to China (up 278.1%), Russia (up 12.1%), and Turkey (up 90.5%). By product category, exports rose sharply for oil and oil products (up 698.3%), precious metal ores and concentrates (up 220.9%), and ferroalloys (up 93.8%). In contrast, imports fell 7.1% to USD 4,143.2 million, weighed down by decreased purchases from the United States (down 42.4%) and Germany (down 13.4%), as well as lower imports of passenger cars (down 26.1%) and other goods (down 13.1%).