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2023
Flag → Flag
Exports $202MRnk 89 / 220
2023
Flag → Flag
Top Product $25.7MUnglazed Ceramics
2023
Flag → Flag
Exports $113MRnk 12 / 158
2023
Flag → Flag
Top Product $56.5MCopper Ore
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.13Rnk 55 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$8,284CURRENT US$
Rnk 94 / 196
2013-2023
Flag
GDP PC GROWTH75.8%CURRENT US$
Rnk 19 / 195

About

Spain-Georgia Trade: In 2023, Spain exported $202M to Georgia. The main products that Spain exported to Georgia were Unglazed Ceramics ($25.7M), Non-Knit Women's Suits ($11.5M), and Knit Sweaters ($6.75M). Over the past 5 years the exports of Spain to Georgia have increased at an annualized rate of 12.3%, from $113M in 2018 to $202M in 2023.

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

Georgia-Spain Trade: In 2023, Georgia exported $113M to Spain. The main products that Georgia exported to Spain were Copper Ore ($56.5M), Refined Petroleum ($25.2M), and Other Nuts ($6.37M). Over the past 5 years the exports of Georgia to Spain have increased at an annualized rate of 11.8%,  from $46.2M in 2018 to $113M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). 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, Spain exported €14.4M and imported €2.53M from Georgia, resulting in a positive trade balance of €11.9M. Between November 2023 and November 2024 the exports of Spain have increased by €4.59M (46.7%) from €9.83M to €14.4M, while imports increased by €1.53M (153%) from €1M to €2.53M.

Trade In November 2024, the top exports of Spain to Georgia were Cars (€2.41M), Unglazed Ceramics (€1.15M), Small Iron Containers (€505k), Mixed Mineral or Chemical Fertilizers (€421k), and Non-Knit Women's Suits (€367k). In November 2024 the top imports of Spain from Georgia were Precious Metal Compounds (€737k), Other Nuts (€368k), Knit T-shirts (€171k), Other Processed Fruits and Nuts (€127k), and Knit Men's Suits (€122k).

Origins In November 2024 the exports of Spain were mainly from Madrid (€4.88M), Barcelona (€3.22M), Castellón (€1.24M), Pontevedra (€656k), and Álava (€514k), while imports destinations were mainly Valencia (€1.32M), Córdoba (€381k), Barcelona (€311k), Madrid (€204k), and Zaragoza (€128k).

Growth In November 2024, the increase in Spain's year-by-year exports to Georgia was explained primarily by an increase in product exports in Cars (€1.93M or 402%), Unglazed Ceramics (€573k or 98.9%), and Mixed Mineral or Chemical Fertilizers (€416k or 9.04k%). In November 2024, the increase in Spain's year-by-year imports  from Georgia was explained primarily by an increase in product imports  in Other Nuts (€84.2k or 29.6%), Other Processed Fruits and Nuts (€55.4k or 77.1%), and Knit Sweaters (€37k or 677%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€4.59M(46.7%)
IMPORT GROWTH (November 2023 - November 2024)€1.53M(153%)
MAIN EXPORTER (November 2024)Madrid€4.88M

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

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

For full datasets download visit Bulk Download page.

Explore Georgia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $202M to Georgia. The main products exported from Spain to Georgia were Unglazed Ceramics ($25.7M), Non-Knit Women's Suits ($11.5M), and Knit Sweaters ($6.75M). During the last 5 years the exports of Spain to Georgia have increased at an annualized rate of 12.3%, from $113M in 2018 to $202M in 2023.

In 2018, Georgia exported $113M to Spain. The main products exported from Georgia to Spain were Copper Ore ($56.5M), Refined Petroleum ($25.2M), and Other Nuts ($6.37M). During the last 5 years the exports of Georgia to Spain have increased at an annualized rate of 11.8%, from $46.2M in 2023 to $113M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from Spain than Georgia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Georgia than Spain included Azerbaijan ($828M), Armenia ($712M), and Kyrgyzstan ($519M).

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

Comparative Advantage Spain - Georgia

Flow
Scale

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

During 2023, Spain had a large net trade with Georgia in the exports of Textiles ($48.8M), Stone And Glass ($28.5M), and Chemical Products ($23.4M).

During 2018, Georgia had a large net trade with Spain in the exports of Mineral Products ($81.7M), Foodstuffs ($7.2M), and Chemical Products ($6.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Georgia+$12.9MCars
Top Product Potential Georgia Spain+$3.83MFerroalloys

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 Spain and Georgia. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Spain.

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

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