2023
Flag  
GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH
75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
 GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
GDP PC 
$8,284CURRENT US$
Rnk 94 / 195
2013-2023
Flag
GDP PC GROWTH
75.8%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC
$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195

About

Georgia-North Macedonia Trade: In 2023, Georgia exported $876k to North Macedonia. The main products that Georgia exported to North Macedonia were Other Construction Vehicles ($252k), Other Nuts ($187k), and Special purpose motor vehicles ($165k). Over the past 5 years the exports of Georgia to North Macedonia have increased at an annualized rate of 18.6%, from $373k in 2018 to $876k in 2023.

In 2023, Georgia did not export any services to North Macedonia.

North Macedonia-Georgia Trade: In 2023, North Macedonia exported $2.39M to Georgia. The main products that North Macedonia exported to Georgia were Unpackaged Medicaments ($887k), Packaged Medicaments ($359k), and Hot-Rolled Iron ($355k). Over the past 5 years the exports of North Macedonia to Georgia have increased at an annualized rate of 23.4%,  from $836k in 2018 to $2.39M in 2023.

In 2023, North Macedonia 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, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Georgia exported $876k to North Macedonia. The main products exported from Georgia to North Macedonia were Other Construction Vehicles ($252k), Other Nuts ($187k), and Special purpose motor vehicles ($165k). During the last 5 years the exports of Georgia to North Macedonia have increased at an annualized rate of 18.6%, from $373k in 2018 to $876k in 2023.

In 2018, North Macedonia exported $2.39M to Georgia. The main products exported from North Macedonia to Georgia were Unpackaged Medicaments ($887k), Packaged Medicaments ($359k), and Hot-Rolled Iron ($355k). During the last 5 years the exports of North Macedonia to Georgia have increased at an annualized rate of 23.4%, from $836k in 2023 to $2.39M in 2018.

Exports from Georgia (Flag) to North Macedonia (Flag) (2023)

Exports from North Macedonia (Flag) to Georgia (Flag) (2023)

Latest Data

Trade between Georgia (Flag) and North Macedonia (Flag)

Georgia Exports

North Macedonia Exports

Market Competitiveness

Color
Georgia
Top Destination
Azerbaijan$828M
North Macedonia
Top Destination
Germany$4B

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

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

In 2023, countries that imported more from North Macedonia than Georgia included Germany ($4B), Serbia ($827M), and Greece ($542M).

Difference in imports from North Macedonia (Flag) and Georgia (Flag) (2023)

Comparative Advantage Georgia - North Macedonia

Flow
Scale

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

During 2023, Georgia had a large net trade with North Macedonia in the exports of Machines ($278k), Vegetable Products ($202k), and Transportation ($171k).

During 2018, North Macedonia had a large net trade with Georgia in the exports of Chemical Products ($1.26M), Metals ($355k), and Foodstuffs ($297k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia North Macedonia+$19.8kKnit T-shirts
Top Product Potential North Macedonia Georgia+$348kPackaged 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

This visualization shows the product space at the HS4 level with the flags of Georgia and North Macedonia. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over North Macedonia. Similarly, a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Georgia.

Product Space of Georgia (Flag) and North Macedonia (Flag) (2023)

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