Georgia (GEO) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Georgia-Australia Trade: In 2023, Georgia exported $5.55M to Australia. The main products that Georgia exported to Australia were Knit T-shirts ($1.3M), Fruit Juice ($1.13M), and Knit Sweaters ($609k). Over the past 5 years the exports of Georgia to Australia have increased at an annualized rate of 14.6%, from $2.81M in 2018 to $5.55M in 2023.

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

Australia-Georgia Trade: In 2023, Australia exported $13.1M to Georgia. The main products that Australia exported to Georgia were Coal Briquettes ($6.9M), Washing and Bottling Machines ($3.09M), and Locomotive Parts ($456k). Over the past 5 years the exports of Australia to Georgia have decreased at an annualized rate of 11.5%, from $24.2M in 2018 to $13.1M in 2023.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $5.55M to Australia. The main products exported from Georgia to Australia were Knit T-shirts ($1.3M), Fruit Juice ($1.13M), and Knit Sweaters ($609k). During the last 5 years the exports of Georgia to Australia have increased at an annualized rate of 14.6%, from $2.81M in 2018 to $5.55M in 2023.

In 2018, Australia exported $13.1M to Georgia. The main products exported from Australia to Georgia were Coal Briquettes ($6.9M), Washing and Bottling Machines ($3.09M), and Locomotive Parts ($456k). During the last 5 years the exports of Australia to Georgia have decreased at an annualized rate of 11.5%, from $24.2M in 2023 to $13.1M in 2018.

Exports from Georgia () to Australia () (2023)

Exports from Australia () to Georgia () (2023)

Latest Data

Trade between Georgia () and Australia ()

Georgia Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Georgia than Australia included Azerbaijan ($828M), Armenia ($712M), and Russia ($657M).

In 2023, countries that imported more from Australia than Georgia included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Georgia () (2023)

Comparative Advantage Georgia - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Australia in the exports of Textiles ($2.52M), Foodstuffs ($1.55M), and Machines ($660k).

During 2018, Australia had a large net trade with Georgia in the exports of Mineral Products ($6.9M), Machines ($3.79M), and Metals ($768k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Australia+$1.21MKnit T-shirts

Top Product Potential Australia Georgia+$170kIron Structures

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Australia () (2023)

Exports from Australia () to Georgia () (2023)

Latest Data

Trade between Georgia () and Australia ()

Georgia Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Georgia () (2023)

Comparative Advantage Georgia - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Australia () (2023)

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