Trade balance of Georgia and prospects for its improvement in globalization

In the modern stage foreign trade is experiencing a difficult period of qualitative transformations related to the development of globalization trends and the post-downtrodden transformation of the world economy.
Georgia has been in the third decade following the path of independent development and the balance of trade balance for the whole time is negative. It is true that export of Georgian products is increasing year by year, but it is also very high in the volume of goods imported into the country. Negative or positive balance of the country's trade balance depends on a number of factors affecting the state of the country in the world economy system, peculiarities of business connections with partners, character of the main articles of trade balance, tier weight, etc.
That is why it is important for the development of the Georgian economy and the new level of foreign trade and the improvement of the trade balance, depending on the country's export potential and the increase of import substitute products. The Georgian authorities should stimulate the exporters of export goods, provide agricultural products and processing industries, help Georgian entrepreneurs to advertise their products abroad, which will become a prerequisite for improving trade balance.