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2022
Flag → Flag
Exports $150MRnk 94 / 218
2022
Flag → Flag
Top Product $23.3MUnglazed Ceramics
2022
Flag → Flag
Exports $63.5MRnk 20 / 154
2022
Flag → Flag
Top Product $36.6MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186

About

Spain-Georgia Trade: In 2022, Spain exported $150M to Georgia. The main products that Spain exported to Georgia were Unglazed Ceramics ($23.3M), Non-Knit Women's Suits ($7.78M), and Packaged Medicaments ($6.81M). Over the past 5 years the exports of Spain to Georgia have increased at an annualized rate of 8.62%, from $99.1M in 2017 to $150M in 2022.

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

Georgia-Spain Trade: In 2022, Georgia exported $63.5M to Spain. The main products that Georgia exported to Spain were Copper Ore ($36.6M), Vaccines, blood, antisera, toxins and cultures ($7.91M), and Other Nuts ($5.23M). Over the past 5 years the exports of Georgia to Spain have decreased at an annualized rate of 0.48%,  from $65M in 2017 to $63.5M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €11M and imported €4.55M from Georgia, resulting in a positive trade balance of €6.47M. Between August 2023 and August 2024 the exports of Spain have decreased by €-560k (-4.84%) from €11.6M to €11M, while imports increased by €3.46M (316%) from €1.09M to €4.55M.

Trade In August 2024, the top exports of Spain to Georgia were Cars (€2.41M), Unglazed Ceramics (€1.15M), Small Iron Containers (€505k), Mixed Mineral or Chemical Fertilizers (€421k), and Non-Knit Women's Suits (€367k). In August 2024 the top imports of Spain from Georgia were Precious Metal Compounds (€737k), Other Nuts (€368k), Knit T-shirts (€171k), Other Processed Fruits and Nuts (€127k), and Knit Men's Suits (€122k).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€3.71M), Castellón (€1.4M), Badajoz (€826k), Sevilla (€471k), and Valencia (€462k), while imports destinations were mainly Granada (€1.28M), Alicante (€1.04M), Barcelona (€918k), Vizcaya (€319k), and Madrid (€194k).

Growth In August 2024, the decrease in Spain's year-by-year exports to Georgia was explained primarily by an decrease in product exports in Pesticides (€-314k or -80%), Other Iron Products (€-258k or -99.9%), and Animal Food (€-142k or -44.9%). In August 2024, the increase in Spain's year-by-year imports  from Georgia was explained primarily by an increase in product imports  in Other Nuts (€84.2k or 29.6%), Other Processed Fruits and Nuts (€55.4k or 77.1%), and Knit Sweaters (€37k or 677%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-560k(-4.84%)
IMPORT GROWTH (August 2023 - August 2024)€3.46M(316%)
MAIN EXPORTER (August 2024)Barcelona€3.71M

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

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

For full datasets download visit Bulk Download page.

Explore Georgia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $150M to Georgia. The main products exported from Spain to Georgia were Unglazed Ceramics ($23.3M), Non-Knit Women's Suits ($7.78M), and Packaged Medicaments ($6.81M). During the last 5 years the exports of Spain to Georgia have increased at an annualized rate of 8.62%, from $99.1M in 2017 to $150M in 2022.

In 2017, Georgia exported $63.5M to Spain. The main products exported from Georgia to Spain were Copper Ore ($36.6M), Vaccines, blood, antisera, toxins and cultures ($7.91M), and Other Nuts ($5.23M). During the last 5 years the exports of Georgia to Spain have decreased at an annualized rate of 0.48%, from $65M in 2022 to $63.5M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Spain than Georgia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Georgia

Flow
Scale

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

During 2022, Spain had a large net trade with Georgia in the exports of Textiles ($30.7M), Stone And Glass ($25.2M), and Chemical Products ($21.8M).

During 2017, Georgia had a large net trade with Spain in the exports of Mineral Products ($36.7M), Chemical Products ($9.71M), and Vegetable Products ($5.39M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Georgia+$12.9MCars
Top Product Potential Georgia Spain+$3.83MFerroalloys

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

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

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