Georgia (GEO) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Georgia-Russia In 2022, Georgia exported $642M to Russia. The main products that Georgia exported to Russia are Wine ($161M), Ferroalloys ($109M), and Cars ($75.7M). During the last 26 years the exports of Georgia to Russia have increased at an annualized rate of 8.55%, from $76M in 1996 to $642M in 2022.

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

Russia-Georgia In 2022, Russia exported $1.83B to Georgia. The main products that Russia exported to Georgia were Refined Petroleum ($622M), Petroleum Gas ($112M), and Wheat Flours ($66.8M). During the last 26 years the exports of Russia to Georgia have increased at an annualized rate of 10.9%, from $124M in 1996 to $1.83B in 2022.

In 2020, Russia exported services to Georgia worth $48.5M, with Transportation ($11.2M), Travel ($9.84M), and Other business services ($8.5M) being the largest in terms of value.

Comparison In 2022, Georgia ranked 62 in the Economic Complexity Index (ECI 0.027), and 118 in total exports ($6.82B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $642M to Russia. The main products exported from Georgia to Russia were Wine ($161M), Ferroalloys ($109M), and Cars ($75.7M). During the last 26 years the exports of Georgia to Russia have increased at an annualized rate of 8.55%, from $76M in 1996 to $642M in 2022.

In 2022, Russia exported $1.83B to Georgia. The main products exported from Russia to Georgia were Refined Petroleum ($622M), Petroleum Gas ($112M), and Wheat Flours ($66.8M). During the last 26 years the exports of Russia to Georgia have increased at an annualized rate of 10.9%, from $124M in 1996 to $1.83B in 2022.

Exports from Georgia () to Russia () (2022)

Exports from Russia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Russia ()

Georgia Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from Georgia than Russia were Belarus ($56.4M), Iraq ($35.2M), and Iran ($29.6M).

In 2021, countries that imported more from Russia than Georgia were China ($101B), India ($40.4B), and Germany ($27.7B).

Difference in imports from Russia () and Georgia () (2022)

Comparative Advantage Georgia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Russia in the exports of Foodstuffs ($318M), Metals ($113M), and Vegetable Products ($90M).

During 2022, Russia had a large net trade with Georgia in the exports of Mineral Products ($840M), Vegetable Products ($203M), and Foodstuffs ($195M).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Georgia worth $48.5M, with Transportation ($11.2M), Travel ($9.84M), and Other business services ($8.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Georgia () (2020)

Economic Complexity

Competitive Landscape

Year

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 Georgia has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Georgia.

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Historical Data

Bilateral Trade by Products

Exports from Georgia () to Russia () (2022)

Exports from Russia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Russia ()

Georgia Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Georgia () (2022)

Comparative Advantage Georgia - Russia

Service Trade

Bilateral Service Trade

Services Exports from Russia () to Georgia () (2020)

Economic Complexity

Competitive Landscape

Product Space of Georgia () and Russia () (2022)

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