Georgia

State in United States

2019
Economic
Complexity
: 0.19, Rank 35 of 53

Jan 2021
Trade
Exports | Imports
: $3.17B | $9.07B, 13 of 54 | 7 of 54

Jan 2021
Country
Destination | Origin
: Canada | China , $461M  | $1.81B

Jan 2021
Product
Exports | Imports
: Aircraft Parts | Cars , $532M  | $762M

Overview: This page contains the latest international trade data for Georgia, including export and import data.

Exports: In 2020, United States' Georgia exported $38.7B, making it the 10th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Georgia were Aircraft parts nes ($8.39B), Medium Sized Cars ($1.4B), Parts of gas turbine engines except... ($1.18B), Chem wood pulp, soda or sulphate,... ($1.05B), and Meat and edible offal: of fowls... ($844M).

Imports: In 2020, United States' Georgia imported $98.9B, making it the 7th largest importer out of the 53 importers in United States. In 2020 top imports of Georgia were Medium Sized Cars ($6.49B), Food preparations nes ($3.28B), Commodities not specified according to kind ($2.47B), Blood, human or animal, antisera, other... ($1.92B), and Floor, wall, ceiling cover, roll, tile,... ($1.72B).

Economic Complexity: In 2019, the highest complexity exports of Georgia according to the product complexity index (PCI) are Iron Fasteners (1.81), Photographic Plates (1.69), Fork-Lifts (1.67), Artificial Textile Machinery (1.62), and Other Organo-Inorganic Compounds (1.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

This section shows the differences between Georgia's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Canada, $5.15B

Top Product (2020): Aircraft parts nes, $8.39B

In 2020 the top export destinations of Georgia were Canada ($5.15B), Germany ($4.11B), China ($3.42B), Mexico ($3.09B), and Singapore ($1.83B).

In 2020 the top exports of Georgia were Aircraft parts nes ($8.39B), Medium Sized Cars ($1.4B), Parts of gas turbine engines except... ($1.18B), Chem wood pulp, soda or sulphate,... ($1.05B), and Meat and edible offal: of fowls... ($844M).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): China, $20.2B

Top Import (2020): Medium Sized Cars, $6.49B

In 2020 the top import origins of Georgia were China ($20.2B), Mexico ($9.15B), Germany ($7.36B), South Korea ($7.15B), and Japan ($5.89B).

In 2020 the top imports of Georgia were Medium Sized Cars ($6.49B), Food preparations nes ($3.28B), Commodities not specified according to kind ($2.47B), Blood, human or animal, antisera, other... ($1.92B), and Floor, wall, ceiling cover, roll, tile,... ($1.72B).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Georgia ranks 35th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Georgia already has a comparative advantage, are led by Orthopedic Appliances (0.28), X-Ray Equipment (0.28), Horses (0.27), Laboratory Reagents (0.27), and Non-optical Microscopes (0.27).

Most Complex Products by PCI

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The highest complexity exports of Georgia according to the product complexity index (PCI) are Iron Fasteners (1.81), Photographic Plates (1.69), Fork-Lifts (1.67), Artificial Textile Machinery (1.62), and Other Organo-Inorganic Compounds (1.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Kaolin (112), Ground Nuts (48.3), Aircraft Parts (43.6), Dissolving Grades Chemical Woodpulp (32.5), and Uncoated Kraft Paper (30.2).

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 Georgia is 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.

Relatedness Space

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This network shows the products most related to the production structure of  Georgia. These are products that tend to be co-exported with the products that Georgia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory'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.