Georgia (GEO) and Czechia (CZE) Trade | The Observatory of Economic Complexity

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Georgia-Czechia Trade: In 2022, Georgia exported $21.7M to Czechia. The main products that Georgia exported to Czechia were Other Nuts ($2.91M), Gas Turbines ($2.8M), and Aluminium Plating ($1.89M). Over the past 5 years the exports of Georgia to Czechia have increased at an annualized rate of 4.44%, from $17.4M in 2017 to $21.7M in 2022.

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

Czechia-Georgia Trade: In 2022, Czechia exported $173M to Georgia. The main products that Czechia exported to Georgia were Broadcasting Equipment ($41.8M), Cars ($21.3M), and Computers ($20.4M). Over the past 5 years the exports of Czechia to Georgia have increased at an annualized rate of 15.8%, from $83M in 2017 to $173M in 2022.

In 2022, Czechia 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, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $21.7M to Czechia. The main products exported from Georgia to Czechia were Other Nuts ($2.91M), Gas Turbines ($2.8M), and Aluminium Plating ($1.89M). During the last 5 years the exports of Georgia to Czechia have increased at an annualized rate of 4.44%, from $17.4M in 2017 to $21.7M in 2022.

In 2017, Czechia exported $173M to Georgia. The main products exported from Czechia to Georgia were Broadcasting Equipment ($41.8M), Cars ($21.3M), and Computers ($20.4M). During the last 5 years the exports of Czechia to Georgia have increased at an annualized rate of 15.8%, from $83M in 2022 to $173M in 2017.

Exports from Georgia () to Czechia () (2022)

Exports from Czechia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Czechia ()

Georgia Exports

Date

Czechia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Czechia
Top DestinationGermany$75.3B

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

In 2022, countries that imported more from Georgia than Czechia included Azerbaijan ($668M), Armenia ($571M), and Peru ($164M).

In 2022, countries that imported more from Czechia than Georgia included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

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

Comparative Advantage Georgia - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Czechia in the exports of Textiles ($4.21M), Machines ($4.11M), and Vegetable Products ($3.02M).

During 2017, Czechia had a large net trade with Georgia in the exports of Machines ($99.5M), Transportation ($28.8M), and Chemical Products ($9.64M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Czechia+$1.89MNitrogenous Fertilizers

Top Product Potential Czechia Georgia+$19MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Czechia () (2022)

Exports from Czechia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Czechia ()

Georgia Exports

Czechia Exports

Market Competitiveness

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

Comparative Advantage Georgia - Czechia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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