2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
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GDP GROWTH
49.2%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC 
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186
2022
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GDP PC
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $63.5M in 2022.

In 2017, 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 2022 to $150M in 2017.

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

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

Latest Data

Trade between Georgia (Flag) and Spain (Flag)

Georgia Exports

Spain Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Spain
Top Destination
France$65.2B

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

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

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

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

Comparative Advantage Georgia - Spain

Flow
Scale

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

During 2022, 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).

During 2017, 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).

Potential Exports

Potential Exports

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

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

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

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