Georgia (GEO) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Georgia-Spain Trade: In 2023, Georgia exported $113M to Spain. The main products that Georgia exported to Spain were Copper Ore ($56.5M), Refined Petroleum ($25.2M), and Other Nuts ($6.37M). Over the past 5 years the exports of Georgia to Spain have increased at an annualized rate of 19.5%, from $46.2M in 2018 to $113M in 2023.

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

Spain-Georgia Trade: In 2023, Spain exported $202M to Georgia. The main products that Spain exported to Georgia were Unglazed Ceramics ($25.7M), Non-Knit Women's Suits ($11.5M), and Knit Sweaters ($6.75M). Over the past 5 years the exports of Spain to Georgia have increased at an annualized rate of 12.3%, from $113M in 2018 to $202M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $113M to Spain. The main products exported from Georgia to Spain were Copper Ore ($56.5M), Refined Petroleum ($25.2M), and Other Nuts ($6.37M). During the last 5 years the exports of Georgia to Spain have increased at an annualized rate of 19.5%, from $46.2M in 2018 to $113M in 2023.

In 2018, Spain exported $202M to Georgia. The main products exported from Spain to Georgia were Unglazed Ceramics ($25.7M), Non-Knit Women's Suits ($11.5M), and Knit Sweaters ($6.75M). During the last 5 years the exports of Spain to Georgia have increased at an annualized rate of 12.3%, from $113M in 2023 to $202M in 2018.

Exports from Georgia () to Spain () (2023)

Exports from Spain () to Georgia () (2023)

Latest Data

Trade between Georgia () and Spain ()

Georgia Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Georgia than Spain included Azerbaijan ($828M), Armenia ($712M), and Kyrgyzstan ($519M).

In 2023, countries that imported more from Spain than Georgia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Georgia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Spain in the exports of Mineral Products ($81.7M), Foodstuffs ($7.2M), and Chemical Products ($6.63M).

During 2018, Spain had a large net trade with Georgia in the exports of Textiles ($48.8M), Stone And Glass ($28.5M), and Chemical Products ($23.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Spain+$3.83MFerroalloys

Top Product Potential Spain Georgia+$12.9MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Spain () (2023)

Exports from Spain () to Georgia () (2023)

Latest Data

Trade between Georgia () and Spain ()

Georgia Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Georgia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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