On February 19, the National Statistics Service of Georgia (Geostat) released preliminary data about Georgia’s foreign trade in January 2024.

In January 2024, exports from Georgia declined by 26.2% to $338.6 million, while imports increased by 10.1% to $1 billion. Consequently, the country experienced a negative trade balance of $664.1 million, accounting for 49.5% of its foreign trade turnover. During this period, Turkey emerged as Georgia’s top trade partner with $233 million in trade volume, followed by Russia with $190 million, China with $96 million, Azerbaijan with $93 million, and the United States with $75 million.

In terms of exports, Kyrgyzstan led with $46 million, followed by Russia with $42 million, Azerbaijan with $41 million, Armenia with $36 million, and Kazakhstan with $36 million. Regarding imports, Turkey topped the list with $203 million, trailed by Russia with $148 million, China with $76 million, the United States with $73 million, and Germany with $53 million.

In January 2024, the primary export commodities included motor cars ($112 million), ferroalloys ($19 million), wine of fresh grapes ($18 million), precious metal ores and concentrates ($14 million), and spirituous beverages ($13 million). Meanwhile, major import categories comprised motor cars ($101 million), petroleum and petroleum oils ($80 million), petroleum gases and other gaseous hydrocarbons ($67 million), medicaments put up in measured doses ($60 million), and telephone sets and apparatus ($34 million).