2022
Flag  
GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
GDP PC 
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186

About

Armenia-Georgia In 2022, Armenia exported $260M to Georgia. The main products that Armenia exported to Georgia are Precious Metal Ore ($86.3M), Other Processed Fruits and Nuts ($32.3M), and Electricity ($21.3M). During the last 26 years the exports of Armenia to Georgia have increased at an annualized rate of 11%, from $17.2M in 1996 to $260M in 2022.

In 2022, Armenia did not export any services to Georgia.

Georgia-Armenia In 2022, Georgia exported $571M to Armenia. The main products that Georgia exported to Armenia were Cars ($135M), Large Construction Vehicles ($21.4M), and Flavored Water ($13.7M). During the last 26 years the exports of Georgia to Armenia have increased at an annualized rate of 13.5%, from $21M in 1996 to $571M in 2022.

In 2022, Georgia did not export any services to Armenia.

Comparison In 2022,  Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B). That same year, Georgia ranked 62 in the Economic Complexity Index (ECI 0.027), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $260M to Georgia. The main products exported from Armenia to Georgia were Precious Metal Ore ($86.3M), Other Processed Fruits and Nuts ($32.3M), and Electricity ($21.3M). During the last 26 years the exports of Armenia to Georgia have increased at an annualized rate of 11%, from $17.2M in 1996 to $260M in 2022.

In 2022, Georgia exported $571M to Armenia. The main products exported from Georgia to Armenia were Cars ($135M), Large Construction Vehicles ($21.4M), and Flavored Water ($13.7M). During the last 26 years the exports of Georgia to Armenia have increased at an annualized rate of 13.5%, from $21M in 1996 to $571M in 2022.

Exports from Armenia (Flag) to Georgia (Flag) (2022)

Exports from Georgia (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Georgia (Flag)

Armenia Exports

Georgia Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Georgia
Top Destination
China$759M

This map shows whether countries import more from Armenia or Georgia. Each country is colored based on the difference in imports they receive from Armenia and Georgia or the difference in the growth in imports.

In 2021, countries that imported more from Armenia than Georgia were Russia ($2.36B), United Arab Emirates ($535M), and Iraq ($250M).

In 2021, countries that imported more from Georgia than Armenia were Azerbaijan ($668M), Turkey ($490M), and China ($759M).

Difference in imports from Georgia (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Georgia

Flow
Scale

This chart compares trade between Armenia and Georgia by product, considering products traded by both, Armenia and Georgia.

During 2022, Armenia had a large net trade with Georgia in the exports of Mineral Products ($114M), Foodstuffs ($63.5M), and Transportation ($18M).

During 2022, Georgia had a large net trade with Armenia in the exports of Transportation ($164M), Machines ($92.6M), and Foodstuffs ($53.4M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Georgia. Similarly, the more yellow a dot/product is, the more Georgia has comparative advantage over Armenia.

Product Space of Armenia (Flag) and Georgia (Flag) (2022)

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