2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 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 
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 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

Belarus-Georgia Trade: In 2022, Belarus exported $80.6M to Georgia. The main products that Belarus exported to Georgia were Concentrated Milk ($12.9M), Alcohol > 80% ABV ($9.87M), and Wood Fiberboard ($5.08M). Over the past 5 years the exports of Belarus to Georgia have increased at an annualized rate of 2.52%, from $71.2M in 2017 to $80.6M in 2022.

In 2014, Belarus exported services to Georgia worth $2.1M, with Computer and information services ($2.02M), Government services, n.i.e. ($70.6k), and Insurance services ($7.14k) being the largest in terms of value.

Georgia-Belarus Trade: In 2022, Georgia exported $56.4M to Belarus. The main products that Georgia exported to Belarus were Hard Liquor ($11M), Wine ($7.58M), and Cars ($6.44M). Over the past 5 years the exports of Georgia to Belarus have increased at an annualized rate of 7.66%,  from $29M in 2017 to $56.4M in 2022.

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

Comparison: In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). 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, Belarus exported $80.6M to Georgia. The main products exported from Belarus to Georgia were Concentrated Milk ($12.9M), Alcohol > 80% ABV ($9.87M), and Wood Fiberboard ($5.08M). During the last 5 years the exports of Belarus to Georgia have increased at an annualized rate of 2.52%, from $71.2M in 2017 to $80.6M in 2022.

In 2017, Georgia exported $56.4M to Belarus. The main products exported from Georgia to Belarus were Hard Liquor ($11M), Wine ($7.58M), and Cars ($6.44M). During the last 5 years the exports of Georgia to Belarus have increased at an annualized rate of 7.66%, from $29M in 2022 to $56.4M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Georgia (Flag)

Belarus Exports

Georgia Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Georgia
Top Destination
China$759M

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

In 2022, countries that imported more from Belarus than Georgia included Ukraine ($1.29B), Poland ($933M), and China ($1.6B).

In 2022, countries that imported more from Georgia than Belarus included Russia ($642M), Armenia ($571M), and Bulgaria ($502M).

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

Comparative Advantage Belarus - Georgia

Flow
Scale

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

During 2022, Belarus had a large net trade with Georgia in the exports of Foodstuffs ($16.9M), Animal Products ($14.7M), and Wood Products ($13.4M).

During 2017, Georgia had a large net trade with Belarus in the exports of Foodstuffs ($33.2M), Transportation ($12.2M), and Machines ($3.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Georgia+$2.27kRefined Petroleum
Top Product Potential Georgia Belarus+$2.29kCars

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 Belarus and Georgia. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Belarus.

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

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