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Pricing

2022
Flag → Flag
Exports $296MRnk 93 / 221
2022
Flag → Flag
Top Product $11.8MLiquid Dispersing Machines
2022
Flag → Flag
Exports $73.4MRnk 18 / 154
2022
Flag → Flag
Top Product $30.1MOther Nuts
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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 $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186

About

Italy-Georgia Trade: In 2022, Italy exported $296M to Georgia. The main products that Italy exported to Georgia were Liquid Dispersing Machines ($11.8M), Packaged Medicaments ($8.84M), and Other Furniture ($7.97M). Over the past 5 years the exports of Italy to Georgia have increased at an annualized rate of 6.9%, from $212M in 2017 to $296M in 2022.

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

Georgia-Italy Trade: In 2022, Georgia exported $73.4M to Italy. The main products that Georgia exported to Italy were Other Nuts ($30.1M), Ferroalloys ($18M), and Refined Petroleum ($5.56M). Over the past 5 years the exports of Georgia to Italy have decreased at an annualized rate of 1.47%,  from $79M in 2017 to $73.4M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Georgia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Growth In N/A, the N/A in Italy's year-by-year exports to Georgia was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports  from Georgia was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
Depth

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

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

For full datasets download visit Bulk Download page.

Explore Georgia and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $296M to Georgia. The main products exported from Italy to Georgia were Liquid Dispersing Machines ($11.8M), Packaged Medicaments ($8.84M), and Other Furniture ($7.97M). During the last 5 years the exports of Italy to Georgia have increased at an annualized rate of 6.9%, from $212M in 2017 to $296M in 2022.

In 2017, Georgia exported $73.4M to Italy. The main products exported from Georgia to Italy were Other Nuts ($30.1M), Ferroalloys ($18M), and Refined Petroleum ($5.56M). During the last 5 years the exports of Georgia to Italy have decreased at an annualized rate of 1.47%, from $79M in 2022 to $73.4M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Italy than Georgia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Georgia than Italy included Azerbaijan ($668M), Armenia ($571M), and Kyrgyzstan ($92.5M).

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

Comparative Advantage Italy - Georgia

Flow
Scale

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

During 2022, Italy had a large net trade with Georgia in the exports of Machines ($90.1M), Chemical Products ($32.7M), and Foodstuffs ($25M).

During 2017, Georgia had a large net trade with Italy in the exports of Vegetable Products ($30.4M), Metals ($22.3M), and Mineral Products ($6.01M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Georgia+$9.86MPackaged Medicaments
Top Product Potential Georgia Italy+$8.92MFerroalloys

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

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

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