Austria (AUT) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Austria-Georgia Trade: In 2022, Austria exported $78.4M to Georgia. The main products that Austria exported to Georgia were Iron Structures ($8.79M), Flavored Water ($5.05M), and Orthopedic Appliances ($3.87M). Over the past 5 years the exports of Austria to Georgia have increased at an annualized rate of 2.78%, from $68.3M in 2017 to $78.4M in 2022.

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

Georgia-Austria Trade: In 2022, Georgia exported $3.43M to Austria. The main products that Georgia exported to Austria were Orthopedic Appliances ($662k), Other Nuts ($512k), and Other Processed Fruits and Nuts ($428k). Over the past 5 years the exports of Georgia to Austria have decreased at an annualized rate of 11.4%, from $9M in 2017 to $3.43M in 2022.

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

Comparison: In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $78.4M to Georgia. The main products exported from Austria to Georgia were Iron Structures ($8.79M), Flavored Water ($5.05M), and Orthopedic Appliances ($3.87M). During the last 5 years the exports of Austria to Georgia have increased at an annualized rate of 2.78%, from $68.3M in 2017 to $78.4M in 2022.

In 2017, Georgia exported $3.43M to Austria. The main products exported from Georgia to Austria were Orthopedic Appliances ($662k), Other Nuts ($512k), and Other Processed Fruits and Nuts ($428k). During the last 5 years the exports of Georgia to Austria have decreased at an annualized rate of 11.4%, from $9M in 2022 to $3.43M in 2017.

Exports from Austria () to Georgia () (2022)

Exports from Georgia () to Austria () (2022)

Latest Data

Trade between Austria () and Georgia ()

Austria Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Austria than Georgia included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2022, countries that imported more from Georgia than Austria included Azerbaijan ($668M), Armenia ($571M), and Kyrgyzstan ($92.5M).

Difference in imports from Georgia () and Austria () (2022)

Comparative Advantage Austria - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Austria had a large net trade with Georgia in the exports of Foodstuffs ($16.7M), Machines ($14.3M), and Metals ($11M).

During 2017, Georgia had a large net trade with Austria in the exports of Instruments ($783k), Foodstuffs ($642k), and Vegetable Products ($569k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Austria () to Georgia () (2022)

Exports from Georgia () to Austria () (2022)

Latest Data

Trade between Austria () and Georgia ()

Austria Exports

Georgia Exports

Market Competitiveness

Difference in imports from Georgia () and Austria () (2022)

Comparative Advantage Austria - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Georgia () (2022)

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