Finland (FIN) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Finland-Georgia Trade: In 2022, Finland exported $29.3M to Georgia. The main products that Finland exported to Georgia were Butter ($2.45M), Refined Petroleum ($2.25M), and Mixed Mineral or Chemical Fertilizers ($2.14M). Over the past 5 years the exports of Finland to Georgia have increased at an annualized rate of 11.1%, from $17.4M in 2017 to $29.3M in 2022.

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

Georgia-Finland Trade: In 2022, Georgia exported $4.6M to Finland. The main products that Georgia exported to Finland were Other Electrical Machinery ($1.65M), Packing Bags ($360k), and Oscilloscopes ($335k). Over the past 5 years the exports of Georgia to Finland have increased at an annualized rate of 10.7%, from $1.11M in 2017 to $4.6M in 2022.

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

Comparison: In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $29.3M to Georgia. The main products exported from Finland to Georgia were Butter ($2.45M), Refined Petroleum ($2.25M), and Mixed Mineral or Chemical Fertilizers ($2.14M). During the last 5 years the exports of Finland to Georgia have increased at an annualized rate of 11.1%, from $17.4M in 2017 to $29.3M in 2022.

In 2017, Georgia exported $4.6M to Finland. The main products exported from Georgia to Finland were Other Electrical Machinery ($1.65M), Packing Bags ($360k), and Oscilloscopes ($335k). During the last 5 years the exports of Georgia to Finland have increased at an annualized rate of 10.7%, from $1.11M in 2022 to $4.6M in 2017.

Exports from Finland () to Georgia () (2022)

Exports from Georgia () to Finland () (2022)

Latest Data

Trade between Finland () and Georgia ()

Finland Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Finland than Georgia included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2022, countries that imported more from Georgia than Finland included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

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

Comparative Advantage Finland - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Georgia in the exports of Machines ($7.03M), Chemical Products ($4.67M), and Animal Products ($4.01M).

During 2017, Georgia had a large net trade with Finland in the exports of Machines ($2.13M), Textiles ($818k), and Instruments ($390k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Georgia+$3.52MRefined Petroleum

Top Product Potential Georgia Finland+$376kKnit 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Georgia () (2022)

Exports from Georgia () to Finland () (2022)

Latest Data

Trade between Finland () and Georgia ()

Finland Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Finland - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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