Georgia (GEO) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Georgia-New Zealand Trade: In 2023, Georgia exported $592k to New Zealand. The main products that Georgia exported to New Zealand were Packaged Medicaments ($194k), Knit T-shirts ($64.9k), and Non-Knit Women's Coats ($53.8k). Over the past 5 years the exports of Georgia to New Zealand have decreased at an annualized rate of 5.65%, from $792k in 2018 to $592k in 2023.

In 2023, Georgia did not export any services to New Zealand.

New Zealand-Georgia Trade: In 2023, New Zealand exported $8.66M to Georgia. The main products that New Zealand exported to Georgia were Other Edible Preparations ($2.97M), Non-fillet Frozen Fish ($2.1M), and Cheese ($1.72M). Over the past 5 years the exports of New Zealand to Georgia have increased at an annualized rate of 19.7%, from $3.52M in 2018 to $8.66M in 2023.

In 2023, New Zealand 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $592k to New Zealand. The main products exported from Georgia to New Zealand were Packaged Medicaments ($194k), Knit T-shirts ($64.9k), and Non-Knit Women's Coats ($53.8k). During the last 5 years the exports of Georgia to New Zealand have decreased at an annualized rate of 5.65%, from $792k in 2018 to $592k in 2023.

In 2018, New Zealand exported $8.66M to Georgia. The main products exported from New Zealand to Georgia were Other Edible Preparations ($2.97M), Non-fillet Frozen Fish ($2.1M), and Cheese ($1.72M). During the last 5 years the exports of New Zealand to Georgia have increased at an annualized rate of 19.7%, from $3.52M in 2023 to $8.66M in 2018.

Exports from Georgia () to New Zealand () (2023)

Exports from New Zealand () to Georgia () (2023)

Latest Data

Trade between Georgia () and New Zealand ()

Georgia Exports

Date

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from Georgia than New Zealand included Azerbaijan ($828M), Armenia ($712M), and Turkey ($733M).

In 2023, countries that imported more from New Zealand than Georgia included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

Difference in imports from New Zealand () and Georgia () (2023)

Comparative Advantage Georgia - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with New Zealand in the exports of Chemical Products ($204k), Textiles ($202k), and Machines ($67.7k).

During 2018, New Zealand had a large net trade with Georgia in the exports of Animal Products ($5.22M), Foodstuffs ($3.04M), and Machines ($398k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia New Zealand+$77.1kKnit T-shirts

Top Product Potential New Zealand Georgia+$340kCheese

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to New Zealand () (2023)

Exports from New Zealand () to Georgia () (2023)

Latest Data

Trade between Georgia () and New Zealand ()

Georgia Exports

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Georgia () (2023)

Comparative Advantage Georgia - New Zealand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and New Zealand () (2023)

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