2023
Flag  
GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH
75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
 GDP
$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH
33%CURRENT US$
Rnk 108 / 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
$7,907CURRENT US$
Rnk 97 / 196
2013-2023
Flag
GDP PC GROWTH
17.2%CURRENT US$
Rnk 111 / 195

About

Georgia-Peru Trade: In 2023, Georgia exported $67.6M to Peru. The main products that Georgia exported to Peru were Nitrogenous Fertilizers ($61.7M), Fish Oil ($5.02M), and Industrial Food Preperation Machinery ($591k). Over the past 5 years the exports of Georgia to Peru have increased at an annualized rate of 49.6%, from $9.03M in 2018 to $67.6M in 2023.

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

Peru-Georgia Trade: In 2023, Peru exported $813k to Georgia. The main products that Peru exported to Georgia were Non-fillet Frozen Fish ($392k), Coconuts, Brazil Nuts, and Cashews ($148k), and Packaged Medicaments ($87.5k). Over the past 5 years the exports of Peru to Georgia have increased at an annualized rate of 33.3%,  from $193k in 2018 to $813k in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Georgia exported $67.6M to Peru. The main products exported from Georgia to Peru were Nitrogenous Fertilizers ($61.7M), Fish Oil ($5.02M), and Industrial Food Preperation Machinery ($591k). During the last 5 years the exports of Georgia to Peru have increased at an annualized rate of 49.6%, from $9.03M in 2018 to $67.6M in 2023.

In 2018, Peru exported $813k to Georgia. The main products exported from Peru to Georgia were Non-fillet Frozen Fish ($392k), Coconuts, Brazil Nuts, and Cashews ($148k), and Packaged Medicaments ($87.5k). During the last 5 years the exports of Peru to Georgia have increased at an annualized rate of 33.3%, from $193k in 2023 to $813k in 2018.

Exports from Georgia (Flag) to Peru (Flag) (2023)

Exports from Peru (Flag) to Georgia (Flag) (2023)

Latest Data

Trade between Georgia (Flag) and Peru (Flag)

Georgia Exports

Peru Exports

Market Competitiveness

Color
Georgia
Top Destination
Azerbaijan$828M
Peru
Top Destination
China$22.5B

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

In 2023, countries that imported more from Peru than Georgia included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

Difference in imports from Peru (Flag) and Georgia (Flag) (2023)

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 2023, Georgia had a large net trade with Peru in the exports of Chemical Products ($61.7M), Animal and Vegetable Bi-Products ($5.02M), and Machines ($799k).

During 2018, Peru had a large net trade with Georgia in the exports of Animal Products ($465k), Vegetable Products ($185k), and Chemical Products ($150k).

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) (2023)

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