2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP
$243BCURRENT US$
Rnk 51 / 186
2012-2022
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC 
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186
2022
Flag
GDP PC
$7,126CURRENT US$
Rnk 89 / 186
2012-2022
Flag
GDP PC GROWTH
10%CURRENT US$
Rnk 116 / 186

About

Georgia-Peru Trade: In 2022, Georgia exported $164M to Peru. The main products that Georgia exported to Peru were Nitrogenous Fertilizers ($157M), Fish oil ($3.72M), and Ferroalloys ($1.25M). Over the past 5 years the exports of Georgia to Peru have increased at an annualized rate of 109%, from $4.1M in 2017 to $164M in 2022.

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

Peru-Georgia Trade: In 2022, Peru exported $1.18M to Georgia. The main products that Peru exported to Georgia were Coconuts, Brazil Nuts, and Cashews ($456k), Cars ($283k), and Tractors ($155k). Over the past 5 years the exports of Peru to Georgia have decreased at an annualized rate of 30.3%,  from $7.14M in 2017 to $1.18M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $164M to Peru. The main products exported from Georgia to Peru were Nitrogenous Fertilizers ($157M), Fish oil ($3.72M), and Ferroalloys ($1.25M). During the last 5 years the exports of Georgia to Peru have increased at an annualized rate of 109%, from $4.1M in 2017 to $164M in 2022.

In 2017, Peru exported $1.18M to Georgia. The main products exported from Peru to Georgia were Coconuts, Brazil Nuts, and Cashews ($456k), Cars ($283k), and Tractors ($155k). During the last 5 years the exports of Peru to Georgia have decreased at an annualized rate of 30.3%, from $7.14M in 2022 to $1.18M in 2017.

Exports from Georgia (Flag) to Peru (Flag) (2022)

Exports from Peru (Flag) to Georgia (Flag) (2022)

Latest Data

Trade between Georgia (Flag) and Peru (Flag)

Georgia Exports

Peru Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Peru
Top Destination
China$17.6B

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

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

In 2022, countries that imported more from Peru than Georgia included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

Difference in imports from Peru (Flag) and Georgia (Flag) (2022)

Comparative Advantage Georgia - Peru

Flow
Scale

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

During 2022, Georgia had a large net trade with Peru in the exports of Chemical Products ($157M), Animal and Vegetable Bi-Products ($3.72M), and Metals ($1.26M).

During 2017, Peru had a large net trade with Georgia in the exports of Vegetable Products ($478k), Transportation ($458k), and Chemical Products ($141k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Peru+$603kFerroalloys
Top Product Potential Peru Georgia+$115kPackaged 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 Peru. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Georgia.

Product Space of Georgia (Flag) and Peru (Flag) (2022)

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