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2023
Flag → Flag
Exports $1.74BRnk 35 / 137
2023
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Top Product $552MRefined Petroleum
2023
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Exports $657MRnk 4 / 158
2023
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Top Product $168MWine
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 0.13Rnk 55 / 132
2023
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GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
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GDP GROWTH75.7%CURRENT US$
Rnk 33 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$8,284CURRENT US$
Rnk 94 / 196
2013-2023
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GDP PC GROWTH75.8%CURRENT US$
Rnk 19 / 195

About

Russia-Georgia Trade: In 2023, Russia exported $1.74B to Georgia. The main products that Russia exported to Georgia were Refined Petroleum ($552M), Petroleum Gas ($131M), and Raw Iron Bars ($57.9M). Over the past 5 years the exports of Russia to Georgia have increased at an annualized rate of 10.5%, from $1.06B in 2018 to $1.74B in 2023.

In 2020, Russia exported services to Georgia worth $48.5M, with Transportation ($11.2M), Travel ($9.84M), and Other business services ($8.5M) being the largest in terms of value.

Georgia-Russia Trade: In 2023, Georgia exported $657M to Russia. The main products that Georgia exported to Russia were Wine ($168M), Hard Liquor ($67.4M), and Cars ($67.1M). Over the past 5 years the exports of Georgia to Russia have increased at an annualized rate of 8.48%,  from $437M in 2018 to $657M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $78.9M and imported $42.1M from Georgia, resulting in a positive trade balance of $36.8M. Between January 2021 and January 2022 the exports of Russia have increased by $26.3M (50.1%) from $52.5M to $78.9M, while imports increased by $25.1M (148%) from $17M to $42.1M.

Trade In January 2022, the top exports of Russia to Georgia were Wheat ($8.47M), Refined Petroleum ($6.84M), Telephones ($3.58M), Electricity ($2.63M), and Corn ($2.6M). In January 2022 the top imports of Russia from Georgia were Water ($4.69M), Wine ($3.61M), Citrus ($2.34M), Ferroalloys ($1.58M), and Apples and Pears ($656k).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($40.9M), MOSCOW REGION ($6.48M), ROSTOV REGION ($3.52M), KRASNODAR TERRITORY ($3.08M), and REPUBLIC OF NORTH OSSETIA ? ALANIA ($2.48M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($30.3M), MOSCOW REGION ($2.35M), ROSTOV REGION ($2.09M), SVERDLOVSK REGION ($1.51M), and REPUBLIC OF DAGHESTAN ($1.06M).

Growth In January 2022, the increase in Russia's year-by-year exports to Georgia was explained primarily by an increase in product exports in Wheat ($3.1M or 57.7%), Hot-Rolled Iron ($1.7M or 45.2k%), and Telephones ($1.36M or 60.9%). In January 2022, the increase in Russia's year-by-year imports  from Georgia was explained primarily by an increase in product imports  in Water ($1.78M or 60.9%), Citrus ($593k or 34%), and Apples and Pears ($574k or 704%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$26.3M(50.1%)
IMPORT GROWTH (January 2021 - January 2022)$25.1M(148%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$40.9M

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

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

For full datasets download visit Bulk Download page.

Explore Georgia and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $1.74B to Georgia. The main products exported from Russia to Georgia were Refined Petroleum ($552M), Petroleum Gas ($131M), and Raw Iron Bars ($57.9M). During the last 5 years the exports of Russia to Georgia have increased at an annualized rate of 10.5%, from $1.06B in 2018 to $1.74B in 2023.

In 2018, Georgia exported $657M to Russia. The main products exported from Georgia to Russia were Wine ($168M), Hard Liquor ($67.4M), and Cars ($67.1M). During the last 5 years the exports of Georgia to Russia have increased at an annualized rate of 8.48%, from $437M in 2023 to $657M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from Russia than Georgia included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Georgia than Russia included Ukraine ($105M), Iraq ($70.5M), and Belarus ($37.8M).

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

Comparative Advantage Russia - Georgia

Flow
Scale

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

During 2023, Russia had a large net trade with Georgia in the exports of Mineral Products ($777M), Foodstuffs ($203M), and Metals ($152M).

During 2018, Georgia had a large net trade with Russia in the exports of Foodstuffs ($376M), Vegetable Products ($110M), and Transportation ($70.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Georgia+$9.2kRefined Petroleum
Top Product Potential Georgia Russia+$4.65kFerroalloys

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

Product Space of Russia (Flag) and Georgia (Flag) (2023)

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