Flag Georgia / Armenia Flag

Exports FlagFlag  (2018): $267M, Rnk 4 / 143

Top Product FlagFlag (2018): $90.2M, Cars

Exports FlagFlag (2018): $76.3M, Rnk 10 / 109

Top Product FlagFlag (2018): $13.5M, Rolled Tobacco

Economic Complexity of Flag (2018): ECI 0.037, Rnk 63 / 137

Economic Complexity of Flag (2018): ECI -0.24, Rnk 78 / 137

GDP Flag (2018): $17.6B, CURRENT US$
Rnk 118 / 196

GDP GROWTH Flag (2008-2018): 37.6%, CURRENT US$
Rnk 102 / 196

GDP Flag (2018): $12.4B, CURRENT US$
Rnk 135 / 196

GDP GROWTH Flag (2008-2018): 6.61%, CURRENT US$
Rnk 151 / 196

GDP PC Flag (2018): $4,717, CURRENT US$
Rnk 112 / 196

GDP PC GROWTH Flag (2008-2018): 41.9%, CURRENT US$
Rnk 56 / 196

GDP PC Flag (2018): $4,212, CURRENT US$
Rnk 117 / 196

GDP PC GROWTH Flag (2008-2018): 5.02%, CURRENT US$
Rnk 129 / 196

Georgia-Armenia: In 2018, Georgia exported $267M to Armenia. The main products exported from Georgia to Armenia were Cars ($90.2M), Delivery Trucks ($14.4M), and Other Nuts ($13.2M). During the last 22 years the exports of Georgia to Armenia have increased at an annualized rate of 12.2%, from $21M in 1996 to $267M in 2018.

Armenia-Georgia: In 2018, Armenia exported $76.3M to Georgia. The main products exported from Armenia to Georgia were Rolled Tobacco ($13.5M), Glass Bottles ($10.4M), and Copper Ore ($9.42M). During the last 22 years the exports of Armenia to Georgia have increased at an annualized rate of 7%, from $17.2M in 1996 to $76.3M in 2018.

Comparison: In 2018, Georgia ranked 63 in the Economic Complexity Index (ECI 0.037), and 121 in total exports ($3.82B). That same year, Armenia ranked 78 in the Economic Complexity Index (ECI -0.24), and 126 in total exports ($2.85B). In terms of GDP Per Capita, Georgia was ranked 112 with a GDP Per Capita of $4,717, and Armenia was ranked 117 with a GDP Per Capita of $4,212.

Bilateral Trade by Products

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Depth
Value

In 2018, Georgia exported $267M to Armenia. The main products exported from Georgia to Armenia were Cars ($90.2M), Delivery Trucks ($14.4M), and Other Nuts ($13.2M). During the last 22 years the exports of Georgia to Armenia have increased at an annualized rate of 12.2%, from $21M in 1996 to $267M in 2018.

In 2018, Armenia exported $76.3M to Georgia. The main products exported from Armenia to Georgia were Rolled Tobacco ($13.5M), Glass Bottles ($10.4M), and Copper Ore ($9.42M). During the last 22 years the exports of Armenia to Georgia have increased at an annualized rate of 7%, from $17.2M in 1996 to $76.3M in 2018.

Market Competitiveness

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Measure

Georgia
Top Destination
: Azerbaijan, $498M

Armenia
Top Destination
: Russia, $661M

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

In 2018, countries that imported more from Georgia than Armenia were Azerbaijan ($498M), Turkey ($244M), and Ukraine ($170M).

In 2018, countries that imported more from Armenia than Georgia were Switzerland ($506M), Russia ($661M), and Iraq ($151M).

Comparative Advantage Georgia - Armenia

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Depth

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

During 2018, Georgia had a large net trade with Armenia in the exports of Transportation ($109M), Chemical Products ($29.8M), and Foodstuffs ($23.8M).

During 2018, Armenia had a large net trade with Georgia in the exports of Foodstuffs ($22.4M), Mineral Products ($17.6M), and Stone And Glass ($10.7M).

Trade Forecasts

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This section shows a forecast for total trade between Georgia and Armenia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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