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

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Georgia-Canada Trade: In 2023, Georgia exported $26.7M to Canada. The main products that Georgia exported to Canada were Nitrogenous Fertilizers ($10.9M), Ferroalloys ($5.52M), and Fruit Juice ($1.4M). Over the past 5 years the exports of Georgia to Canada have increased at an annualized rate of 13.7%, from $14M in 2018 to $26.7M in 2023.

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

Canada-Georgia Trade: In 2023, Canada exported $63.1M to Georgia. The main products that Canada exported to Georgia were Cars ($36.1M), Stone Processing Machines ($6.89M), and Gas Turbines ($6.14M). Over the past 5 years the exports of Canada to Georgia have increased at an annualized rate of 24.9%, from $20.8M in 2018 to $63.1M in 2023.

In 2023, Canada 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, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $26.7M to Canada. The main products exported from Georgia to Canada were Nitrogenous Fertilizers ($10.9M), Ferroalloys ($5.52M), and Fruit Juice ($1.4M). During the last 5 years the exports of Georgia to Canada have increased at an annualized rate of 13.7%, from $14M in 2018 to $26.7M in 2023.

In 2018, Canada exported $63.1M to Georgia. The main products exported from Canada to Georgia were Cars ($36.1M), Stone Processing Machines ($6.89M), and Gas Turbines ($6.14M). During the last 5 years the exports of Canada to Georgia have increased at an annualized rate of 24.9%, from $20.8M in 2023 to $63.1M in 2018.

Exports from Georgia () to Canada () (2023)

Exports from Canada () to Georgia () (2023)

Latest Data

Trade between Georgia () and Canada ()

Georgia Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Canada than Georgia included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

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 2023, Georgia had a large net trade with Canada in the exports of Chemical Products ($11.7M), Metals ($5.85M), and Foodstuffs ($3.41M).

During 2018, Canada had a large net trade with Georgia in the exports of Transportation ($36.8M), Machines ($14.9M), and Animal Products ($5.76M).

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.

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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 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.

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Historical Data

Bilateral Trade by Products

Exports from Georgia () to Canada () (2023)

Exports from Canada () to Georgia () (2023)

Latest Data

Trade between Georgia () and Canada ()

Georgia Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Georgia - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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