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Economy of Georgia (country)
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==Trade== [[File:Free Trade Agreements of Georgia.svg|thumb|350px| {{legend|#aa0000|Georgia}} {{legend|#008000|Countries with whom Georgia signed Free Trade Agreement (FTA)}} {{legend|#aade87|Countries with whom Georgia has General Schemes of Preference (GSP)}}]] Since 2014, Georgia is part of the [[European Union]]'s [[Deep and Comprehensive Free Trade Area|Free Trade Area]], with the EU continuing to be the country's largest trading partner, accounting for over a quarter of Georgia's total trade turnover.<ref name="Georgia"/> Following the EU trade pact, 2015 was marked by further increase in bilateral trade, whereas trade with the Russian-led [[Commonwealth of Independent States]] (CIS) decreased by 22%.<ref name="Georgia’s 2015 Foreign Trade"/> In 2023, Georgia signed comprehensive economic agreement with [[United Arab Emirates|UAE]], under which two countries established free trade.<ref>{{Cite web |title=Georgia, UAE officially sign comprehensive economic partnership agreement {{!}} AGENDA.GE |url=https://agenda.ge/en/news/2023/3786 |access-date=2024-05-27 |website=agenda.ge |language=en}}</ref> As of 2015, in the order of magnitude, Georgia's main exports were: [[copper ore]]s and concentrates, [[ferroalloy]]s, [[hazelnut]], [[medication]]s, [[nitrogen fertilizer]]s, [[wine]], [[crude oil]], [[mineral water]], non-denatured [[ethanol]] and spirits.<ref name="Georgia’s 2015 Foreign Trade"/> In 2015, Georgia's main imports, in the order of magnitude, were: [[oil products]], [[vehicle]]s, [[hydrocarbon]]s, copper ores and concentrates, [[mobile phone]]s and other wireless phones, [[wheat]], [[cigarette]]s, iron tubes and pipes, structures and parts of structures of iron.<ref name="Georgia’s 2015 Foreign Trade"/> In 2019, Georgian exports to Armenia grew by 2% compared to the previous year, while imports decreased by 7%. Georgia exported 98.3 million $ worth of products to Armenia (4% of total exports), and imported 46.9 million $ (1% of total imports) in 2019.<ref>{{Cite web|url=https://www.trademap.org/Bilateral.aspx?nvpm=1%7c268%7c%7c051%7c%7cTOTAL%7c%7c%7c2%7c1%7c1%7c2%7c1%7c%7c1%7c1%7c1%7c1|title=Bilateral trade Georgia–Armenia in 2019|website=trademap.org|access-date=2020-05-13}}</ref> {| class="wikitable" |+Trade statistics<ref>{{Cite web |title=Goods exports (BoP, current US$) - Georgia |url=https://data.worldbank.org/indicator/BX.GSR.MRCH.CD?locations=GE |access-date=2025-01-26 |website=World Bank Open Data}}</ref><ref>{{Cite web |title=Goods imports (BoP, current US$) - Georgia |url=https://data.worldbank.org/indicator/BM.GSR.MRCH.CD?locations=GE |access-date=2025-01-26 |website=World Bank Open Data}}</ref><ref>{{Cite web |title=Net trade in goods (BoP, current US$) - Georgia |url=https://data.worldbank.org/indicator/BN.GSR.MRCH.CD?locations=GE |access-date=2025-01-26 |website=World Bank Open Data}}</ref> !Year !2000 !2005 !2010 !2015 !2016 !2017 !2018 !2019 !2020 !2021 !2022 !2023 |- |Exports, billion US$ |0.5 |1.4 |2.4 |3.0 |2.9 |3.6 |4.4 |5.0 |4.4 |5.5 |7.5 |8.1 |- |Imports, billion US$ |1.0 |2.6 |5.0 |7.0 |6.8 |7.4 |8.5 |8.7 |7.5 |9.3 |12.6 |14.2 |- |Net trade, billion US$ |−0.5 |−1.2 |−2.6 |−4.0 |−3.9 |−3.8 |−4.1 |−3.8 |−3.1 |−3.8 |−5.1 |−6.1 |}
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