
Georgia's Foreign Trade Sees Steady Growth, New Insights Shared

On January 20, the National Statistics Office of Georgia (Geostat) published preliminary data showing an 8.0% increase in Georgia's foreign trade in 2024 compared to 2023, totaling $23.43 billion.
During 2024, Georgia's exports rose by 7.8% to $6.56 billion, while imports increased by 8.1% to $16.87 billion, resulting in a negative trade balance of $10.31 billion, constituting 44% of the external trade turnover. The top ten trading partners by imports accounted for 69.9% of total imports, with Turkey ($2.77 billion), the US ($2.04 billion), and Russia ($1.84 billion) as the leading partners.
The top ten trading partners by exports contributed 81.5% to the total exports, with Kyrgyzstan ($1.28 billion), Kazakhstan ($860 million), and Azerbaijan ($720 million) topping the list. Motor cars were the leading export item, valued at $2.43 billion and accounting for 37% of total exports, followed by ferroalloys at $320 million (4.9%) and spirituous beverages at $290 million (4.4%).
Regarding imports, motor cars ranked first with $3.46 billion (20.5% of total imports), followed by petroleum and petroleum oils at $1.30 billion (7.7%) and medicaments at $620 million (3.7%).
See Also


IMF Predicts Rising Strategic Reserves, GDP Growth, and Inflation Stabilization for Azerbaijan by 2030

Armenian Officials and Georgian President Discuss Strategic Cooperation, Peace Efforts, and Regional Stability in Yerevan

State Security Service of Georgia Identifies Occupation and Annexation as Primary National Security Challenge in 2024

Shalva Papuashvili Criticizes EU for Misusing Funds, Warns of Continued Harm to Georgia’s Democracy
