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2023
Flag → Flag
Exports $969MRnk 74 / 220
2023
Flag → Flag
Top Product $345MCars
2023
Flag → Flag
Exports $95MRnk 14 / 158
2023
Flag → Flag
Top Product $12.1MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.13Rnk 55 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
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GDP GROWTH75.7%CURRENT US$
Rnk 33 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$8,284CURRENT US$
Rnk 94 / 196
2013-2023
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GDP PC GROWTH75.8%CURRENT US$
Rnk 19 / 195

About

Germany-Georgia Trade: In 2023, Germany exported $969M to Georgia. The main products that Germany exported to Georgia were Cars ($345M), Packaged Medicaments ($57.5M), and Delivery Trucks ($44.6M). Over the past 5 years the exports of Germany to Georgia have increased at an annualized rate of 15.7%, from $467M in 2018 to $969M in 2023.

In 2023, Germany did not export any services to Georgia.

Georgia-Germany Trade: In 2023, Georgia exported $95M to Germany. The main products that Georgia exported to Germany were Knit T-shirts ($12.1M), Other Nuts ($11.5M), and Knit Women's Suits ($9.22M). Over the past 5 years the exports of Georgia to Germany have increased at an annualized rate of 0.39%,  from $93.1M in 2018 to $95M in 2023.

In 2023, Georgia did not export any services to Germany.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €95.3M and imported €7.37M from Georgia, resulting in a positive trade balance of €88M. Between November 2023 and November 2024 the exports of Germany have increased by €13.8M (16.9%) from €81.5M to €95.3M, while imports decreased by €-1.65M (-18.3%) from €9.02M to €7.37M.

Trade In November 2024, the top exports of Germany to Georgia were Motor cars and motor caravans (€14.6M), Pharmaceutical products (€5.87M), Lorries and special purpose motor vehicles (€2.92M), Machinery for mining, quarrying and construction (€2.08M), and Perfumes and toilet preparations (€1.68M). In November 2024 the top imports of Germany from Georgia were Nuts and dried fruits (€1.92M), Apparel of knitted, crocheted silk, man-made... (€1.84M), Fruit and vegetable juice (€1.15M), Returned goods (€328k), and Apparel of knitted or crocheted fabrics... (€228k).

Origins In November 2024 the exports of Germany were mainly from Bavaria (€15.4M), Baden-Württemberg (€14.4M), North Rhine-Westphalia (€8.88M), Saxony (€4.81M), and Schleswig-Holstein (€4.64M), while imports destinations were mainly Hamburg (€1.54M), North Rhine-Westphalia (€1.27M), Baden-Württemberg (€1.18M), Bavaria (€1.03M), and Lower Saxony (€938k).

Growth In November 2024, the increase in Germany's year-by-year exports to Georgia was explained primarily by an increase in product exports in Motor cars and motor caravans (€11.3M or 344%), Pharmaceutical products (€2.52M or 75.4%), and Machinery for mining, quarrying and construction (€1.39M or 200%). In November 2024, the decrease in Germany's year-by-year imports  from Georgia was explained primarily by an decrease in product imports  in Ferro-alloys (€-873k or -92%), Apparel of knitted, crocheted silk, man-made... (€-666k or -26.6%), and Other textile products (€-501k or -73.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€13.8M(16.9%)
IMPORT GROWTH (November 2023 - November 2024)€-1.65M(-18.3%)
MAIN EXPORTER (November 2024)Bavaria€15.4M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Georgia and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Georgia and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $969M to Georgia. The main products exported from Germany to Georgia were Cars ($345M), Packaged Medicaments ($57.5M), and Delivery Trucks ($44.6M). During the last 5 years the exports of Germany to Georgia have increased at an annualized rate of 15.7%, from $467M in 2018 to $969M in 2023.

In 2018, Georgia exported $95M to Germany. The main products exported from Georgia to Germany were Knit T-shirts ($12.1M), Other Nuts ($11.5M), and Knit Women's Suits ($9.22M). During the last 5 years the exports of Georgia to Germany have increased at an annualized rate of 0.39%, from $93.1M in 2023 to $95M in 2018.

Exports from Germany (Flag) to Georgia (Flag) (2023)

Exports from Georgia (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from Germany than Georgia included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Georgia than Germany included Armenia ($712M) and Azerbaijan ($828M).

Difference in imports from Georgia (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Georgia

Flow
Scale

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

During 2023, Germany had a large net trade with Georgia in the exports of Transportation ($476M), Machines ($141M), and Chemical Products ($128M).

During 2018, Georgia had a large net trade with Germany in the exports of Textiles ($32.7M), Vegetable Products ($19.5M), and Foodstuffs ($16.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Georgia+$73.1MCars
Top Product Potential Georgia Germany+$10.3MKnit T-shirts

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Georgia. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Georgia (Flag) (2023)

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