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Pricing

2022
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Exports $1.83BRnk 41 / 138
2022
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Top Product $622MRefined Petroleum
2022
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Exports $642MRnk 3 / 154
2022
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Top Product $161MWine
2022
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Economic Complexity (ECI) ECI 0.42Rnk 45 / 124
2022
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Economic Complexity (ECI) ECI 0.027Rnk 62 / 124
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
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GDP GROWTH49.2%CURRENT US$
Rnk 64 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$6,628CURRENT US$
Rnk 99 / 186
2012-2022
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GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186

About

Russia-Georgia In 2022, Russia exported $1.83B to Georgia. The main products that Russia exported to Georgia are Refined Petroleum ($622M), Petroleum Gas ($112M), and Wheat Flours ($66.8M). During the last 26 years the exports of Russia to Georgia have increased at an annualized rate of 10.9%, from $124M in 1996 to $1.83B in 2022.

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 In 2022, Georgia exported $642M to Russia. The main products that Georgia exported to Russia were Wine ($161M), Ferroalloys ($109M), and Cars ($75.7M). During the last 26 years the exports of Georgia to Russia have increased at an annualized rate of 8.55%, from $76M in 1996 to $642M in 2022.

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

Comparison In 2022,  Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Georgia ranked 62 in the Economic Complexity Index (ECI 0.027), and 118 in total exports ($6.82B).

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

Flow
Time Scale
Depth
Value
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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $1.83B to Georgia. The main products exported from Russia to Georgia were Refined Petroleum ($622M), Petroleum Gas ($112M), and Wheat Flours ($66.8M). During the last 26 years the exports of Russia to Georgia have increased at an annualized rate of 10.9%, from $124M in 1996 to $1.83B in 2022.

In 2022, Georgia exported $642M to Russia. The main products exported from Georgia to Russia were Wine ($161M), Ferroalloys ($109M), and Cars ($75.7M). During the last 26 years the exports of Georgia to Russia have increased at an annualized rate of 8.55%, from $76M in 1996 to $642M in 2022.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Georgia
Top DestinationChina$759M

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 2021, countries that imported more from Russia than Georgia were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Georgia than Russia were Belarus ($56.4M), Iraq ($35.2M), and Iran ($29.6M).

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

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 2022, Russia had a large net trade with Georgia in the exports of Mineral Products ($840M), Vegetable Products ($203M), and Foodstuffs ($195M).

During 2022, Georgia had a large net trade with Russia in the exports of Foodstuffs ($318M), Metals ($113M), and Vegetable Products ($90M).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Georgia (Flag) (2020)

Economic Complexity

Competitive Landscape

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

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

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