Georgia (GEO) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Georgia-Greece Trade: In 2022, Georgia exported $4.13M to Greece. The main products that Georgia exported to Greece were Nitrogenous Fertilizers ($1.72M), Hard Liquor ($1.63M), and Knit Socks and Hosiery ($805k). Over the past 5 years the exports of Georgia to Greece have decreased at an annualized rate of 2.95%, from $4.79M in 2017 to $4.13M in 2022.

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

Greece-Georgia Trade: In 2022, Greece exported $172M to Georgia. The main products that Greece exported to Georgia were Refined Petroleum ($98.6M), Packaged Medicaments ($10.7M), and Used Clothing ($3.05M). Over the past 5 years the exports of Greece to Georgia have increased at an annualized rate of 62.6%, from $15.1M in 2017 to $172M in 2022.

In 2022, Greece 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $4.13M to Greece. The main products exported from Georgia to Greece were Nitrogenous Fertilizers ($1.72M), Hard Liquor ($1.63M), and Knit Socks and Hosiery ($805k). During the last 5 years the exports of Georgia to Greece have decreased at an annualized rate of 2.95%, from $4.79M in 2017 to $4.13M in 2022.

In 2017, Greece exported $172M to Georgia. The main products exported from Greece to Georgia were Refined Petroleum ($98.6M), Packaged Medicaments ($10.7M), and Used Clothing ($3.05M). During the last 22 years the exports of Greece to Georgia have increased at an annualized rate of 62.6%, from $15.1M in 1995 to $172M in 2017.

Exports from Georgia () to Greece () (2022)

Exports from Greece () to Georgia () (2022)

Latest Data

Trade between Georgia () and Greece ()

Georgia Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Greece
Top DestinationItaly$5.82B

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

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

In 2022, countries that imported more from Greece than Georgia included Italy ($5.82B), Germany ($3.45B), and Bulgaria ($3.62B).

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

Comparative Advantage Georgia - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Greece in the exports of Foodstuffs ($2.55M), Chemical Products ($2.38M), and Textiles ($821k).

During 2017, Greece had a large net trade with Georgia in the exports of Mineral Products ($98.8M), Chemical Products ($17.5M), and Textiles ($3.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Greece+$1.62MNitrogenous Fertilizers

Top Product Potential Greece Georgia+$3.67MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Greece () (2022)

Exports from Greece () to Georgia () (2022)

Latest Data

Trade between Georgia () and Greece ()

Georgia Exports

Greece Exports

Market Competitiveness

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

Comparative Advantage Georgia - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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