Flag Turkey / Georgia Flag

Exports Flag β†’ Flag  (2018): $1.44B, Rnk 30 / 205

Top Product Flag β†’ Flag (2018): $51M, Insulated Wire

Exports Flag β†’ Flag (2018): $244M, Rnk 5 / 143

Top Product Flag β†’ Flag (2018): $39.1M, Knit T-shirts

Economic Complexity of Flag (2018): ECI 0.57, Rnk 43 / 137

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

GDP Flag (2018): $771B, CURRENT US$
Rnk 19 / 196

GDP GROWTH Flag (2008-2018): 0.92%, CURRENT US$
Rnk 162 / 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): $9,370, CURRENT US$
Rnk 80 / 196

GDP PC GROWTH Flag (2008-2018): -13.7%, CURRENT US$
Rnk 172 / 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

Turkey-Georgia: In 2018, Turkey exported $1.44B to Georgia. The main products exported from Turkey to Georgia were Insulated Wire ($51M), Other Small Iron Pipes ($45.6M), and Packaged Medicaments ($38.8M). During the last 23 years the exports of Turkey to Georgia have increased at an annualized rate of 14.2%, from $67.6M in 1995 to $1.44B in 2018.

Georgia-Turkey: In 2018, Georgia exported $244M to Turkey. The main products exported from Georgia to Turkey were Knit T-shirts ($39.1M), Semi-Finished Iron ($34.3M), and Ferroalloys ($32.7M). During the last 23 years the exports of Georgia to Turkey have increased at an annualized rate of 7.51%, from $46.2M in 1995 to $244M in 2018.

Comparison: In 2018, Turkey ranked 43 in the Economic Complexity Index (ECI 0.57), and 29 in total exports ($177B). 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, Turkey was ranked 80 with a GDP Per Capita of $9,370, 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, Turkey exported $1.44B to Georgia. The main products exported from Turkey to Georgia were Insulated Wire ($51M), Other Small Iron Pipes ($45.6M), and Packaged Medicaments ($38.8M). During the last 23 years the exports of Turkey to Georgia have increased at an annualized rate of 14.2%, from $67.6M in 1995 to $1.44B in 2018.

In 2018, Georgia exported $244M to Turkey. The main products exported from Georgia to Turkey were Knit T-shirts ($39.1M), Semi-Finished Iron ($34.3M), and Ferroalloys ($32.7M). During the last 23 years the exports of Georgia to Turkey have increased at an annualized rate of 7.51%, from $46.2M in 1995 to $244M in 2018.

Market Competitiveness

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Measure

Turkey
Top Destination
: Germany, $16.6B

Georgia
Top Destination
: Azerbaijan, $498M

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

In 2018, countries that imported more from Turkey than Georgia were Germany ($16.6B), United Kingdom ($11.9B), and Italy ($10.1B).

In 2018, countries that imported more from Georgia than Turkey were Armenia ($267M).

Comparative Advantage Turkey - Georgia

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Depth

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

During 2018, Turkey had a large net trade with Georgia in the exports of Machines ($257M), Metals ($228M), and Textiles ($161M).

During 2018, Georgia had a large net trade with Turkey in the exports of Metals ($93.4M), Textiles ($70.3M), and Mineral Products ($19.6M).

Tariff Section

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This sections shows import tariffs for products traded between Turkey and Georgia (using the HS6 product classification and the last year reported).

In 2018, the products from Turkey that paid the highest import tariffs to enter Georgia were Bovine cuts boneless, fresh or chilled (225%) and Bovine cuts boneless, frozen (225%).

In 2016, the products from Georgia that paid the highest import tariffs to enter Turkey were Fowls, live domestic < 185 grams (12%) and Poultry: live, turkeys, weighing not more than 185g (12%).

Explore Tariff Data

*The tariffs present between Turkey and Georgia are:
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
226: Preferential tariff for Georgia

Trade Forecasts

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This section shows a forecast for total trade between Turkey 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

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 Turkey has comparative advantage over Georgia. Similarly, the more red a dot/product is, the more Georgia has comparative advantage over Turkey.