On June 19, the National Statistics Service of Georgia (Geostat) published preliminary data indicating that during January-May 2024, Georgia’s foreign trade decreased by 2.2% compared to the same period in 2023, totaling $8.432 billion.

Exports from Georgia during January-May 2024 decreased by 9.2% to $2.274 billion, while imports increased by 0.7% to $6.158 billion. Consequently, the country’s negative trade balance was $3.884 billion, representing 46.1% of its foreign trade turnover. During this period, Turkey was Georgia’s largest trade partner with $1.254 billion in trade volume, followed by Russia with $1.004 billion, China with $692 million, the United States with $500 million, and Azerbaijan with $422 million. During the reporting period, Kyrgyzstan was Georgia's largest trade partner in exports, with $360 million, followed by Kazakhstan with $275 million, Russia with $273 million, Azerbaijan with $254 million, and Armenia with $225 million.

Regarding imports, Georgia’s largest trading partners were Turkey with $1.078 billion, Russia with $731 million, the United States with $601 million, China with $578 million, and Germany with $402 million. The largest commodity groups in exports during January-May 2024 were led by motor cars at $740 million. This was followed by wines of fresh grapes at $141 million; ferro-alloys at $106 million; spirituous beverages at $104 million; precious metal ores and concentrates at $73 million; natural or artificial mineral and aerated waters, not containing added sugar, at $65 million; nitrogenous fertilizers at $53 million; medicaments put up in measured doses at $46 million; waters, mineral and aerated waters, containing added sugar, at $45 million; and gold, unwrought or in semi-manufactured forms, or in powder form, at $41 million. Other commodities totaled $860 million. For imports, the major commodity groups included motor cars at $967 million; petroleum and petroleum oils at $514 million; medicaments put up in measured doses at $266 million; petroleum gases and other gaseous hydrocarbons at $216 million; automatic data processing machines and units thereof at $140 million; telephone sets and apparatus for the transmission or reception of voice, images, or other data (including wired/wireless networks) at $124 million; motor vehicles for the transport of goods at $83 million; bars and rods of iron or non-alloy steel at $64 million; structures and parts of structures of iron or steel at $55 million; and cigars, cheroots, cigarillos, and cigarettes at $52 million. Other commodities totaled $3.677 billion.