Goods exports as a part of the balance of payment rose 6.19% to USD 8.62 bil in Georgia in 2024, according to the National Statistical Office.
Historically, goods exports as a part of the balance of payment in Georgia reached an all time high of USD 8.62 bil in 2024 and an all time low of USD 0.300 bil in 1998. When compared to Georgia's main peers, goods exports as a part of the balance of payment in Armenia amounted to USD 12.9 bil, USD 26.0 bil in Azerbaijan, USD 433 bil in Russia and USD 258 bil in Turkey in 2024.
Georgia has been ranked 77th within the group of 103 countries we follow in terms of goods exports as a part of the balance of payment, 33 places above the position seen 10 years ago.
Goods Exports (BoP, USD) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Armenia | USD bil | 2.72 | 3.36 | 2.72 | 3.28 | 5.71 | ||||||||||||||||
Azerbaijan | USD bil | 20.8 | 19.9 | 12.6 | 21.7 | 42.2 | ||||||||||||||||
Bulgaria | USD bil | 32.7 | 32.6 | 31.2 | 40.6 | 49.5 | ||||||||||||||||
China | USD bil | 2,417 | 2,387 | 2,510 | 3,216 | 3,347 | ||||||||||||||||
Georgia | USD bil | 4.41 | 4.95 | 4.35 | 5.54 | 7.54 | ||||||||||||||||
Germany | USD bil | 1,369 | 1,314 | 1,213 | 1,444 | 1,475 | ||||||||||||||||
Greece | USD bil | 38.2 | 36.3 | 33.0 | 46.2 | 56.4 | ||||||||||||||||
Iran | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Iraq | USD bil | ... | 86.4 | 81.6 | 46.9 | 73.1 | 118 | ... | ||||||||||||||
Japan | USD bil | 736 | 695 | 631 | 750 | 752 | ||||||||||||||||
Russia | USD bil | 444 | 420 | 334 | 494 | 592 | ||||||||||||||||
Turkey | USD bil | 179 | 182 | 168 | 225 | 253 | ||||||||||||||||
USA | USD bil | 1,677 | 1,655 | 1,434 | 1,766 | 2,090 |