Flag Russia / Georgia Flag

Exports Flag β†’ Flag  (2018): $991M, Rnk 56 / 187

Top Product Flag β†’ Flag (2018): $180M, Refined Petroleum

Exports Flag β†’ Flag (2018): $439M, Rnk 2 / 143

Top Product Flag β†’ Flag (2018): $128M, Ferroalloys

Economic Complexity of Flag (2018): ECI 0.6, Rnk 41 / 137

Economic Complexity of Flag (2018): ECI 0.037, Rnk 63 / 137

GDP Flag (2018): $1.66T, CURRENT US$
Rnk 11 / 196

GDP GROWTH Flag (2008-2018): -0.2%, CURRENT US$
Rnk 168 / 196

GDP Flag (2018): $17.6B, CURRENT US$
Rnk 118 / 196

GDP GROWTH Flag (2008-2018): 37.6%, CURRENT US$
Rnk 102 / 196

GDP PC Flag (2018): $11,289, CURRENT US$
Rnk 69 / 196

GDP PC GROWTH Flag (2008-2018): -2.98%, CURRENT US$
Rnk 157 / 196

GDP PC Flag (2018): $4,717, CURRENT US$
Rnk 112 / 196

GDP PC GROWTH Flag (2008-2018): 41.9%, CURRENT US$
Rnk 56 / 196

Russia-Georgia: In 2018, Russia exported $991M to Georgia. The main products exported from Russia to Georgia were Refined Petroleum ($180M), Planes, Helicopters, and/or Spacecraft ($122M), and Wheat ($90.6M). During the last 22 years the exports of Russia to Georgia have increased at an annualized rate of 9.14%, from $145M in 1996 to $991M in 2018. In 2018, Russia exported services to Georgia worth $77.5M, with Travel ($28.5M), Transportation ($17M), and Other business services ($11.7M) being the largest in terms of value.

Georgia-Russia: In 2018, Georgia exported $439M to Russia. The main products exported from Georgia to Russia were Ferroalloys ($128M), Wine ($115M), and Water ($50.2M). During the last 22 years the exports of Georgia to Russia have increased at an annualized rate of 8.51%, from $72.8M in 1996 to $439M in 2018.

Comparison: In 2018, Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). That same year, Georgia ranked 63 in the Economic Complexity Index (ECI 0.037), and 121 in total exports ($3.82B). In terms of GDP Per Capita, Russia was ranked 69 with a GDP Per Capita of $11,289, and Georgia was ranked 112 with a GDP Per Capita of $4,717.

Bilateral Trade by Products

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Depth
Value

In 2018, Russia exported $991M to Georgia. The main products exported from Russia to Georgia were Refined Petroleum ($180M), Planes, Helicopters, and/or Spacecraft ($122M), and Wheat ($90.6M). During the last 22 years the exports of Russia to Georgia have increased at an annualized rate of 9.14%, from $145M in 1996 to $991M in 2018.

In 2018, Georgia exported $439M to Russia. The main products exported from Georgia to Russia were Ferroalloys ($128M), Wine ($115M), and Water ($50.2M). During the last 22 years the exports of Georgia to Russia have increased at an annualized rate of 8.51%, from $72.8M in 1996 to $439M in 2018.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $55.2B

Georgia
Top Destination
: Azerbaijan, $498M

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 2018, countries that imported more from Russia than Georgia were China ($55.2B), Netherlands ($41B), and Germany ($23.3B).

In 2018, countries that imported more from Georgia than Russia were Fiji ($394k), Saint Vincent and the Grenadines ($17.8k), and Macau ($9.44k).

Comparative Advantage Russia - Georgia

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Depth

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

During 2018, Russia had a large net trade with Georgia in the exports of Mineral Products ($233M), Transportation ($134M), and Vegetable Products ($125M).

During 2018, Georgia had a large net trade with Russia in the exports of Foodstuffs ($200M), Metals ($131M), and Vegetable Products ($44M).

Trade Forecasts

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This section shows a forecast for total trade between Russia and Georgia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2018, Russia exported services to Georgia worth $77.5M, with Travel ($28.5M), Transportation ($17M), and Other business services ($11.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Georgia. Similarly, the more red a dot/product is, the more Georgia has comparative advantage over Russia.