Georgia (GEO) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Georgia-Finland Trade: In 2023, Georgia exported $3.42M to Finland. The main products that Georgia exported to Finland were Synthetic Rubber ($517k), Knit T-shirts ($348k), and Packing Bags ($320k). Over the past 5 years the exports of Georgia to Finland have increased at an annualized rate of 19.1%, from $1.43M in 2018 to $3.42M in 2023.

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

Finland-Georgia Trade: In 2023, Finland exported $36.4M to Georgia. The main products that Finland exported to Georgia were Butter ($3.27M), Cars ($2.68M), and Mixed Mineral or Chemical Fertilizers ($2.26M). Over the past 5 years the exports of Finland to Georgia have increased at an annualized rate of 7.3%, from $19.3M in 2018 to $36.4M in 2023.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $3.42M to Finland. The main products exported from Georgia to Finland were Synthetic Rubber ($517k), Knit T-shirts ($348k), and Packing Bags ($320k). During the last 5 years the exports of Georgia to Finland have increased at an annualized rate of 19.1%, from $1.43M in 2018 to $3.42M in 2023.

In 2018, Finland exported $36.4M to Georgia. The main products exported from Finland to Georgia were Butter ($3.27M), Cars ($2.68M), and Mixed Mineral or Chemical Fertilizers ($2.26M). During the last 5 years the exports of Finland to Georgia have increased at an annualized rate of 7.3%, from $19.3M in 2023 to $36.4M in 2018.

Exports from Georgia () to Finland () (2023)

Exports from Finland () to Georgia () (2023)

Latest Data

Trade between Georgia () and Finland ()

Georgia Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Georgia than Finland included Azerbaijan ($828M), Armenia ($712M), and Kyrgyzstan ($519M).

In 2023, countries that imported more from Finland than Georgia included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

Difference in imports from Finland () and Georgia () (2023)

Comparative Advantage Georgia - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Finland in the exports of Textiles ($800k), Machines ($692k), and Plastics and Rubbers ($669k).

During 2018, Finland had a large net trade with Georgia in the exports of Machines ($8.82M), Animal Products ($5.5M), and Chemical Products ($4.19M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Finland+$376kKnit T-shirts

Top Product Potential Finland Georgia+$3.52MRefined Petroleum

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

Year

This visualization shows the product space at the HS4 level with the flags of Georgia and Finland. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Georgia.

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Historical Data

Bilateral Trade by Products

Exports from Georgia () to Finland () (2023)

Exports from Finland () to Georgia () (2023)

Latest Data

Trade between Georgia () and Finland ()

Georgia Exports

Finland Exports

Market Competitiveness

Difference in imports from Finland () and Georgia () (2023)

Comparative Advantage Georgia - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Finland () (2023)

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