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2022
Flag → Flag
Exports $673MRnk 80 / 223
2022
Flag → Flag
Top Product $185MCars
2022
Flag → Flag
Exports $86MRnk 16 / 154
2022
Flag → Flag
Top Product $22.4MOther Nuts
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186

About

Germany-Georgia Trade: In 2022, Germany exported $673M to Georgia. The main products that Germany exported to Georgia were Cars ($185M), Packaged Medicaments ($45.8M), and Tractors ($24.1M). Over the past 5 years the exports of Germany to Georgia have increased at an annualized rate of 8.46%, from $448M in 2017 to $673M in 2022.

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

Georgia-Germany Trade: In 2022, Georgia exported $86M to Germany. The main products that Georgia exported to Germany were Other Nuts ($22.4M), Gold ($5.19M), and Knit T-shirts ($4.33M). Over the past 5 years the exports of Georgia to Germany have increased at an annualized rate of 1.08%,  from $75.6M in 2017 to $86M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Latest Trends

June, 2024

About

Overview In June 2024, Germany exported €86.8M and imported €6.89M from Georgia, resulting in a positive trade balance of €79.9M. Between June 2023 and June 2024 the exports of Germany have increased by €17.1M (24.5%) from €69.7M to €86.8M, while imports decreased by €-1.12M (-13.9%) from €8M to €6.89M.

Trade In June 2024, the top exports of Germany to Georgia were Motor cars and motor caravans (€14.6M), Pharmaceutical products (€5.87M), Lorries and special purpose motor vehicles (€2.92M), Machinery for mining, quarrying and construction (€2.08M), and Perfumes and toilet preparations (€1.68M). In June 2024 the top imports of Germany from Georgia were Nuts and dried fruits (€1.92M), Apparel of knitted, crocheted silk, man-made... (€1.84M), Fruit and vegetable juice (€1.15M), Returned goods (€328k), and Apparel of knitted or crocheted fabrics... (€228k).

Origins In June 2024 the exports of Germany were mainly from Baden-Württemberg (€20.2M), Bavaria (€14.5M), North Rhine-Westphalia (€9.5M), Lower Saxony (€3.26M), and Saxony (€2.98M), while imports destinations were mainly Hamburg (€1.28M), Bavaria (€1.12M), Hesse (€1.04M), North Rhine-Westphalia (€960k), and Saxony-Anhalt (€513k).

Growth In June 2024, the increase in Germany's year-by-year exports to Georgia was explained primarily by an increase in product exports in Motor cars and motor caravans (€11.3M or 344%), Pharmaceutical products (€2.52M or 75.4%), and Machinery for mining, quarrying and construction (€1.39M or 200%). In June 2024, the decrease in Germany's year-by-year imports  from Georgia was explained primarily by an decrease in product imports  in Ferro-alloys (€-873k or -92%), Apparel of knitted, crocheted silk, man-made... (€-666k or -26.6%), and Other textile products (€-501k or -73.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€17.1M(24.5%)
IMPORT GROWTH (June 2023 - June 2024)€-1.12M(-13.9%)
MAIN EXPORTER (June 2024)Baden-Württemberg€20.2M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Georgia and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Georgia and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $673M to Georgia. The main products exported from Germany to Georgia were Cars ($185M), Packaged Medicaments ($45.8M), and Tractors ($24.1M). During the last 5 years the exports of Germany to Georgia have increased at an annualized rate of 8.46%, from $448M in 2017 to $673M in 2022.

In 2017, Georgia exported $86M to Germany. The main products exported from Georgia to Germany were Other Nuts ($22.4M), Gold ($5.19M), and Knit T-shirts ($4.33M). During the last 5 years the exports of Georgia to Germany have increased at an annualized rate of 1.08%, from $75.6M in 2022 to $86M in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Germany than Georgia included United States ($153B), France ($120B), and Netherlands ($109B).

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

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

Comparative Advantage Germany - Georgia

Flow
Scale

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

During 2022, Germany had a large net trade with Georgia in the exports of Transportation ($263M), Machines ($117M), and Chemical Products ($101M).

During 2017, Georgia had a large net trade with Germany in the exports of Vegetable Products ($30.1M), Textiles ($16.7M), and Foodstuffs ($11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Georgia+$73.1MCars
Top Product Potential Georgia Germany+$10.3MKnit 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 Germany and Georgia. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Germany.

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

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