An Optimistic Outlook

Georgia was on a lot of people’s minds in 2022 as companies and countries jockeyed to find the best markets for their goods and the best sources for their supplies. The result was a record $196 billion in the state’s total trade, up 18% from 2021. The total includes exports and imports and involved transactions in 221 countries and territories – a sign of the ingenuity that companies and state government put into reaching new markets.

Exports from Georgia exceeded $47 billion in 2022. Exports of Georgia’s top commodities rose in 2022 compared to 2021, except for motor vehicles which dropped due to supply chain problems. The leading exports were civilian aircraft and parts, motor vehicles, chemical woodpulp, engines and gas turbines, poultry, cotton, medical instruments, kraft paper and paperboard, data processing equipment and telephones.

Canada, as usual, was Georgia’s top export market. Mexico came in second, switching third place with China. The rest of the top 10 were Germany, Singapore, India (which leapfrogged from eighth place to sixth), Japan, the Netherlands, the United Kingdom and the United Arab Emirates, which edged out South Korea.

China, however, continued to dominate on the import side, shipping almost $149 billion of goods to Georgia – a 20.3% increase from 2021. Imports from Vietnam, India and Thailand continued their upward trend.