Georgia (GEO) and Austria (AUT) Trade | The Observatory of Economic Complexity

About

Georgia-Austria Trade: In 2022, Georgia exported $3.43M to Austria. The main products that Georgia exported to Austria were Orthopedic Appliances ($662k), Other Nuts ($512k), and Other Processed Fruits and Nuts ($428k). Over the past 5 years the exports of Georgia to Austria have decreased at an annualized rate of 17.6%, from $9M in 2017 to $3.43M in 2022.

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

Austria-Georgia Trade: In 2022, Austria exported $78.4M to Georgia. The main products that Austria exported to Georgia were Iron Structures ($8.79M), Flavored Water ($5.05M), and Orthopedic Appliances ($3.87M). Over the past 5 years the exports of Austria to Georgia have increased at an annualized rate of 2.78%, from $68.3M in 2017 to $78.4M in 2022.

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

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $3.43M to Austria. The main products exported from Georgia to Austria were Orthopedic Appliances ($662k), Other Nuts ($512k), and Other Processed Fruits and Nuts ($428k). During the last 5 years the exports of Georgia to Austria have decreased at an annualized rate of 17.6%, from $9M in 2017 to $3.43M in 2022.

In 2017, Austria exported $78.4M to Georgia. The main products exported from Austria to Georgia were Iron Structures ($8.79M), Flavored Water ($5.05M), and Orthopedic Appliances ($3.87M). During the last 5 years the exports of Austria to Georgia have increased at an annualized rate of 2.78%, from $68.3M in 2022 to $78.4M in 2017.

Exports from Georgia () to Austria () (2022)

Exports from Austria () to Georgia () (2022)

Latest Data

Trade between Georgia () and Austria ()

Georgia Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Georgia than Austria included Azerbaijan ($668M), Armenia ($571M), and Kyrgyzstan ($92.5M).

In 2022, countries that imported more from Austria than Georgia included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Georgia - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Austria in the exports of Instruments ($783k), Foodstuffs ($642k), and Vegetable Products ($569k).

During 2017, Austria had a large net trade with Georgia in the exports of Foodstuffs ($16.7M), Machines ($14.3M), and Metals ($11M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Austria+$471kFerroalloys

Top Product Potential Austria Georgia+$7.39MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Austria () (2022)

Exports from Austria () to Georgia () (2022)

Latest Data

Trade between Georgia () and Austria ()

Georgia Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Georgia - Austria

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring