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2022
Flag → Flag
Exports $235MRnk 118 / 217
2022
Flag → Flag
Top Product $60.5MFrozen Bovine Meat
2022
Flag → Flag
Exports $318MRnk 8 / 154
2022
Flag → Flag
Top Product $257MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186

About

India-Georgia Trade: In 2022, India exported $235M to Georgia. The main products that India exported to Georgia were Frozen Bovine Meat ($60.5M), Packaged Medicaments ($35M), and Raw Tobacco ($20.8M). Over the past 5 years the exports of India to Georgia have increased at an annualized rate of 27.5%, from $69.7M in 2017 to $235M in 2022.

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

Georgia-India Trade: In 2022, Georgia exported $318M to India. The main products that Georgia exported to India were Nitrogenous Fertilizers ($257M), Asbestos ($25.8M), and Halogens ($10.5M). Over the past 5 years the exports of Georgia to India have increased at an annualized rate of 76.3%,  from $18.6M in 2017 to $318M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $25.6M and imported $15.5M from Georgia, resulting in a positive trade balance of $10.1M. Between August 2023 and August 2024 the exports of India have increased by $4.68M (22.4%) from $20.9M to $25.6M, while imports increased by $11.8M (325%) from $3.64M to $15.5M.

Trade In August 2024, the top exports of India to Georgia were Products Of Iron And Steel ($3.48M), Buffalo Meat ($2.43M), Drug Formulations, Biologicals ($1.8M), Indl. Machnry For Dairy Etc ($1.06M), and Rice -Basmoti ($870k). In August 2024 the top imports of India from Georgia were Fertilezers Manufactured ($38.6M), Other Crude Minerals ($4.6M), Newsprint ($1.39M), Lead And Products Made Of Led ($575k), and Inorganic Chemicals ($519k).

Growth In August 2024, the increase in India's year-by-year exports to Georgia was explained primarily by an increase in product exports in Products Of Iron And Steel ($3.28M or 1.67k%), Rice -Basmoti ($781k or 879%), and Ceramics And Allied Products ($554k or 4.91k%). In August 2024, the increase in India's year-by-year imports  from Georgia was explained primarily by an increase in product imports  in Lead And Products Made Of Led ($520k or 956%) and Moulded And Extruded Goods ($2.42k or 410%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$4.68M(22.4%)
IMPORT GROWTH (August 2023 - August 2024)$11.8M(325%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Georgia and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Georgia and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $235M to Georgia. The main products exported from India to Georgia were Frozen Bovine Meat ($60.5M), Packaged Medicaments ($35M), and Raw Tobacco ($20.8M). During the last 5 years the exports of India to Georgia have increased at an annualized rate of 27.5%, from $69.7M in 2017 to $235M in 2022.

In 2017, Georgia exported $318M to India. The main products exported from Georgia to India were Nitrogenous Fertilizers ($257M), Asbestos ($25.8M), and Halogens ($10.5M). During the last 5 years the exports of Georgia to India have increased at an annualized rate of 76.3%, from $18.6M in 2022 to $318M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from India than Georgia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Georgia than India included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

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

Comparative Advantage India - Georgia

Flow
Scale

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

During 2022, India had a large net trade with Georgia in the exports of Chemical Products ($66M), Animal Products ($62.6M), and Machines ($30.3M).

During 2017, Georgia had a large net trade with India in the exports of Chemical Products ($277M), Mineral Products ($26M), and Metals ($8.97M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Georgia+$22.4MPackaged Medicaments
Top Product Potential Georgia India+$3.42MNitrogenous Fertilizers

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

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

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