Israel (ISR) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Israel-Georgia Trade: In 2023, Israel exported $28.4M to Georgia. The main products that Israel exported to Georgia were Chlorides ($4.08M), Liquid Dispersing Machines ($2.07M), and Beauty Products ($1.92M). Over the past 5 years the exports of Israel to Georgia have increased at an annualized rate of 2.53%, from $25M in 2018 to $28.4M in 2023.

In 2012, Israel exported services to Georgia worth $0, with being the largest in terms of value.

Georgia-Israel Trade: In 2023, Georgia exported $32.9M to Israel. The main products that Georgia exported to Israel were Flavored Water ($3.32M), Sulphur ($3.3M), and Video Recording Equipment ($3.25M). Over the past 5 years the exports of Georgia to Israel have increased at an annualized rate of 23.8%, from $11.3M in 2018 to $32.9M in 2023.

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

Comparison: In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Israel exported $28.4M to Georgia. The main products exported from Israel to Georgia were Chlorides ($4.08M), Liquid Dispersing Machines ($2.07M), and Beauty Products ($1.92M). During the last 5 years the exports of Israel to Georgia have increased at an annualized rate of 2.53%, from $25M in 2018 to $28.4M in 2023.

In 2018, Georgia exported $32.9M to Israel. The main products exported from Georgia to Israel were Flavored Water ($3.32M), Sulphur ($3.3M), and Video Recording Equipment ($3.25M). During the last 5 years the exports of Georgia to Israel have increased at an annualized rate of 23.8%, from $11.3M in 2023 to $32.9M in 2018.

Exports from Israel () to Georgia () (2023)

Exports from Georgia () to Israel () (2023)

Latest Data

Trade between Israel () and Georgia ()

Israel Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from Israel than Georgia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Georgia than Israel included Armenia ($712M), Azerbaijan ($828M), and Kyrgyzstan ($519M).

Difference in imports from Georgia () and Israel () (2023)

Comparative Advantage Israel - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Israel had a large net trade with Georgia in the exports of Chemical Products ($11.3M), Machines ($6.55M), and Foodstuffs ($2.66M).

During 2018, Georgia had a large net trade with Israel in the exports of Foodstuffs ($8.95M), Machines ($5.88M), and Wood Products ($3.95M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Georgia+$2.16MTelephones

Top Product Potential Georgia Israel+$346kWine

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

About

Historical Data

Bilateral Trade by Products

Exports from Israel () to Georgia () (2023)

Exports from Georgia () to Israel () (2023)

Latest Data

Trade between Israel () and Georgia ()

Israel Exports

Georgia Exports

Market Competitiveness

Difference in imports from Georgia () and Israel () (2023)

Comparative Advantage Israel - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Israel () and Georgia () (2023)

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