2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186

About

Australia-Georgia Trade: In 2022, Australia exported $17M to Georgia. The main products that Australia exported to Georgia were Aluminium Oxide ($10.9M), Stone Processing Machines ($1.83M), and Locomotive Parts ($641k). Over the past 5 years the exports of Australia to Georgia have increased at an annualized rate of 13.6%, from $9.02M in 2017 to $17M in 2022.

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

Georgia-Australia Trade: In 2022, Georgia exported $5.02M to Australia. The main products that Georgia exported to Australia were Knit T-shirts ($1.11M), Fruit Juice ($1.09M), and Knit Sweaters ($347k). Over the past 5 years the exports of Georgia to Australia have increased at an annualized rate of 2.94%,  from $4.22M in 2017 to $5.02M in 2022.

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

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Australia exported $17M to Georgia. The main products exported from Australia to Georgia were Aluminium Oxide ($10.9M), Stone Processing Machines ($1.83M), and Locomotive Parts ($641k). During the last 5 years the exports of Australia to Georgia have increased at an annualized rate of 13.6%, from $9.02M in 2017 to $17M in 2022.

In 2017, Georgia exported $5.02M to Australia. The main products exported from Georgia to Australia were Knit T-shirts ($1.11M), Fruit Juice ($1.09M), and Knit Sweaters ($347k). During the last 5 years the exports of Georgia to Australia have increased at an annualized rate of 2.94%, from $4.22M in 2022 to $5.02M in 2017.

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

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

Latest Data

Trade between Australia (Flag) and Georgia (Flag)

Australia Exports

Georgia Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
Georgia
Top Destination
China$759M

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

In 2022, countries that imported more from Australia than Georgia included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Georgia than Australia included Azerbaijan ($668M), Armenia ($571M), and Russia ($642M).

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

Comparative Advantage Australia - Georgia

Flow
Scale

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

During 2022, Australia had a large net trade with Georgia in the exports of Chemical Products ($11.1M), Machines ($2.16M), and Metals ($1.55M).

During 2017, Georgia had a large net trade with Australia in the exports of Textiles ($1.91M), Foodstuffs ($1.35M), and Machines ($704k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia Georgia+$170kIron Structures
Top Product Potential Georgia Australia+$1.21MKnit T-shirts

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Australia and Georgia. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Australia.

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

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