Georgia (GEO) and Canada (CAN) Trade | The Observatory of Economic Complexity

About

Georgia-Canada Trade: In 2022, Georgia exported $15.3M to Canada. The main products that Georgia exported to Canada were Ferroalloys ($4.12M), Cars ($1.97M), and Navigation Equipment ($1.65M). Over the past 5 years the exports of Georgia to Canada have decreased at an annualized rate of 12.1%, from $29M in 2017 to $15.3M in 2022.

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

Canada-Georgia Trade: In 2022, Canada exported $33.2M to Georgia. The main products that Canada exported to Georgia were Cars ($14.4M), Stone Processing Machines ($6.71M), and Pig Meat ($2.74M). Over the past 5 years the exports of Canada to Georgia have decreased at an annualized rate of 0.78%, from $34.8M in 2017 to $33.2M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $15.3M to Canada. The main products exported from Georgia to Canada were Ferroalloys ($4.12M), Cars ($1.97M), and Navigation Equipment ($1.65M). During the last 5 years the exports of Georgia to Canada have decreased at an annualized rate of 12.1%, from $29M in 2017 to $15.3M in 2022.

In 2017, Canada exported $33.2M to Georgia. The main products exported from Canada to Georgia were Cars ($14.4M), Stone Processing Machines ($6.71M), and Pig Meat ($2.74M). During the last 5 years the exports of Canada to Georgia have decreased at an annualized rate of 0.78%, from $34.8M in 2022 to $33.2M in 2017.

Exports from Georgia () to Canada () (2022)

Exports from Canada () to Georgia () (2022)

Latest Data

Trade between Georgia () and Canada ()

Georgia Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Georgia than Canada included Azerbaijan ($668M), Armenia ($571M), and Russia ($642M).

In 2022, countries that imported more from Canada than Georgia included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Georgia - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Canada in the exports of Metals ($4.22M), Machines ($2.78M), and Transportation ($2.01M).

During 2017, Canada had a large net trade with Georgia in the exports of Transportation ($15M), Machines ($8.16M), and Animal Products ($6.02M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Canada+$2.39MFerroalloys

Top Product Potential Canada Georgia+$15.6MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Canada () (2022)

Exports from Canada () to Georgia () (2022)

Latest Data

Trade between Georgia () and Canada ()

Georgia Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Georgia - Canada

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 Canada () (2022)

Keep Exploring