Overview: This page contains the latest international trade data for Georgia, including service trade data, and tariffs. In 2018 Georgia was the number 118 economy in the world in terms of GDP (current US$), the number 121 in total exports, the number 107 in total imports, and the number 63 most complex economy according to the Economic Complexity Index (ECI). In 2018, Georgia exported $3.82B and imported $9.16B, resulting in a negative trade balance of -$5.34B. In 2018, Georgia's exports per capita were $1.03k and its imports per capita were $2.46k.
In 2018 Georgia exported a total of $3.82B, making it the number 121 exporter in the world. During the last five reported years the exports of Georgia have changed by $388M from $3.43B in 2013 to $3.82B in 2018.
In 2018 Georgia imported $9.16B, making it the number 107 trade destination in the world. During the last five reported years the imports of Georgia changed by $479M from $8.68B in 2013 to $9.16B in 2018.
In 2018, Georgia exported $4.45B worth of services. The top services exported by Georgia in 2018 were Personal travel ($2.3B), Business travel ($919M), Other transport ($545M), Air transport ($296M), and Sea transport ($127M).
The top services imported by Georgia in 2018 were Other transport ($614M), Air transport ($333M), Business travel ($331M), Sea transport ($310M), and Personal travel ($194M).
This section shows forecasts for total product exports and imports for Georgia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Georgia are:136: Most Favoured Nation duty rate treatement190: Preferential tariff for Commonwealth of Independent States (CIS) countries322: Preferential tariff for Turkey
During the last 13 years Georgia's economy has become relatively less complex, moving from the 50th to the 63rd position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Georgia has a high level of specialization in Water (129), Cyanides (88.5), Ferroalloys (50.3), Copper Ore (39), and Fish Oil (28.1). Specialization is measured using RCA, an index that takes the ratio between Georgia observed and expected exports in each product.
The top export opportunities for Georgia according to the relatedness index, are Crude Petroleum (0.18), Tropical Fruits (0.17), Other Oily Seeds (0.17), Raw Sugar (0.17), and Crustaceans (0.17). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Georgia is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Georgia
