2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH
75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
GDP PC 
$7,829CURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC
$8,284CURRENT US$
Rnk 94 / 196
2013-2023
Flag
GDP PC GROWTH
75.8%CURRENT US$
Rnk 19 / 195

About

Belarus-Georgia Trade: In 2023, Belarus exported $108M to Georgia. The main products that Belarus exported to Georgia were Refined Petroleum ($22.3M), Concentrated Milk ($9.97M), and Alcohol > 80% ABV ($9.88M). Over the past 5 years the exports of Belarus to Georgia have increased at an annualized rate of 10.4%, from $66.2M in 2018 to $108M in 2023.

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 2023, Georgia exported $37.8M to Belarus. The main products that Georgia exported to Belarus were Hard Liquor ($16.7M), Wine ($8.01M), and Cars ($3.81M). Over the past 5 years the exports of Georgia to Belarus have increased at an annualized rate of 4.48%,  from $30.4M in 2018 to $37.8M in 2023.

In 2023, Georgia did not export any services to Belarus.

Comparison: In 2023,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). That same year, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $108M to Georgia. The main products exported from Belarus to Georgia were Refined Petroleum ($22.3M), Concentrated Milk ($9.97M), and Alcohol > 80% ABV ($9.88M). During the last 5 years the exports of Belarus to Georgia have increased at an annualized rate of 10.4%, from $66.2M in 2018 to $108M in 2023.

In 2018, Georgia exported $37.8M to Belarus. The main products exported from Georgia to Belarus were Hard Liquor ($16.7M), Wine ($8.01M), and Cars ($3.81M). During the last 5 years the exports of Georgia to Belarus have increased at an annualized rate of 4.48%, from $30.4M in 2023 to $37.8M in 2018.

Exports from Belarus (Flag) to Georgia (Flag) (2023)

Exports from Georgia (Flag) to Belarus (Flag) (2023)

Latest Data

Trade between Belarus (Flag) and Georgia (Flag)

Belarus Exports

Georgia Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Georgia
Top Destination
Azerbaijan$828M

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 2023, countries that imported more from Belarus than Georgia included China ($2.6B), Brazil ($415M), and Kazakhstan ($757M).

In 2023, countries that imported more from Georgia than Belarus included Russia ($657M), Armenia ($712M), and Azerbaijan ($828M).

Difference in imports from Georgia (Flag) and Belarus (Flag) (2023)

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 2023, Belarus had a large net trade with Georgia in the exports of Mineral Products ($22.4M), Wood Products ($18.8M), and Foodstuffs ($17.8M).

During 2018, Georgia had a large net trade with Belarus in the exports of Foodstuffs ($27.3M), Transportation ($4.11M), and Miscellaneous ($1.52M).

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) (2023)

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