2022
Flag  
GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 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 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 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

Colombia-Georgia Trade: In 2022, Colombia exported $3.37M to Georgia. The main products that Colombia exported to Georgia were Coke ($2.15M), Coffee ($355k), and Cut Flowers ($210k). Over the past 5 years the exports of Colombia to Georgia have decreased at an annualized rate of 24.2%, from $13.5M in 2017 to $3.37M in 2022.

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

Georgia-Colombia Trade: In 2022, Georgia exported $1.38M to Colombia. The main products that Georgia exported to Colombia were Ferroalloys ($427k), Fish Oil ($397k), and Non-Retail Pure Cotton Yarn ($108k). Over the past 5 years the exports of Georgia to Colombia have increased at an annualized rate of 6.43%,  from $1.01M in 2017 to $1.38M in 2022.

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

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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, Colombia exported $3.37M to Georgia. The main products exported from Colombia to Georgia were Coke ($2.15M), Coffee ($355k), and Cut Flowers ($210k). During the last 5 years the exports of Colombia to Georgia have decreased at an annualized rate of 24.2%, from $13.5M in 2017 to $3.37M in 2022.

In 2017, Georgia exported $1.38M to Colombia. The main products exported from Georgia to Colombia were Ferroalloys ($427k), Fish Oil ($397k), and Non-Retail Pure Cotton Yarn ($108k). During the last 5 years the exports of Georgia to Colombia have increased at an annualized rate of 6.43%, from $1.01M in 2022 to $1.38M in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Georgia (Flag)

Colombia Exports

Georgia Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Georgia
Top Destination
China$759M

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

In 2022, countries that imported more from Colombia than Georgia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

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

Comparative Advantage Colombia - Georgia

Flow
Scale

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

During 2022, Colombia had a large net trade with Georgia in the exports of Mineral Products ($2.15M), Vegetable Products ($628k), and Transportation ($313k).

During 2017, Georgia had a large net trade with Colombia in the exports of Metals ($492k), Animal and Vegetable Bi-Products ($397k), and Textiles ($311k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Georgia+$576kCoffee
Top Product Potential Georgia Colombia+$419kFerroalloys

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

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

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