2023
Exports
$379MWorld Rnk 40 / 102
Flag Rnk 3 / 991
2023
PRODUCT COMPLEXITY IN Electricity
-0.74Rnk 770 / 1025
2023
Imports
$12.7MWorld Rnk 92 / 126
Flag Rnk 212 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $379M in Electricity, making it the 40th largest exporter of Electricity in the world. At the same year, Electricity was the 3rd most exported product in Georgia. The main destination of Electricity exports from Georgia are: Turkey ($373M), Azerbaijan ($4.34M), Armenia ($1.34M), and Russia ($6.93k).

The fastest growing export markets for Electricity of Georgia between 2022 and 2023 were Turkey ($49.6M), Azerbaijan ($3.77M), and Russia ($5.96k).

Imports In 2023, Georgia imported $12.7M in Electricity, becoming the 92nd largest importer of Electricity in the world. At the same year, Electricity was the 212th most imported product in Georgia. Georgia imports Electricity primarily from: Armenia ($11.6M), Russia ($904k), and Azerbaijan ($153k).

The fastest growing import markets in Electricity for Georgia between 2022 and 2023 were Armenia ($279k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electricity. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$379M
IMPORTS (2023)$12.7M
NET TRADE (2023)$366M

In 2023, Georgia exported $379M in Electricity. The main destinations of Georgia exports on Electricity were Turkey ($373M), Azerbaijan ($4.34M), Armenia ($1.34M), and Russia ($6.93k).

In 2023, Georgia imported $12.7M in Electricity, mainly from Armenia ($11.6M), Russia ($904k), and Azerbaijan ($153k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Georgia WERE (2022 - 2023):
Turkey$49.6M (15.3%)
Azerbaijan$3.77M (658%)
Russia$5.96k (617%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Georgia WERE (2022 - 2023):Armenia-$4.2M (-75.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Georgia's main exporting competitors in Electricity were:
In 2023, Georgia's main importing competitors in Electricity were:

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAzerbaijan+ $563k
TOP IMPORT POTENTIALGermany+ $4.34k

Electricity’s highest export potential is Azerbaijan. With an export gap of $563k.   Electricity’s highest import potential is Germany with an import gap of $4.34k.

See methodology.

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