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Pricing

2022
Flag → Flag
Exports $51.2MRnk 23 / 154
2022
Flag → Flag
Top Product $6.55MKnit Men's Suits
2022
Flag → Flag
Exports $132MRnk 98 / 224
2022
Flag → Flag
Top Product $22.4MCars
2022
Flag
Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Georgia-United Kingdom Trade: In 2022, Georgia exported $51.2M to United Kingdom. The main products that Georgia exported to United Kingdom were Knit Men's Suits ($6.55M), Knit Women's Suits ($5.49M), and Precious Metal Scraps ($5.48M). Over the past 5 years the exports of Georgia to United Kingdom have increased at an annualized rate of 24.2%, from $17.3M in 2017 to $51.2M in 2022.

In 2022, Georgia did not export any services to United Kingdom.

United Kingdom-Georgia Trade: In 2022, United Kingdom exported $132M to Georgia. The main products that United Kingdom exported to Georgia were Cars ($22.4M), Large Construction Vehicles ($16.4M), and Hard Liquor ($9.6M). Over the past 5 years the exports of United Kingdom to Georgia have decreased at an annualized rate of 0.37%,  from $135M in 2017 to $132M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $51.2M to United Kingdom. The main products exported from Georgia to United Kingdom were Knit Men's Suits ($6.55M), Knit Women's Suits ($5.49M), and Precious Metal Scraps ($5.48M). During the last 5 years the exports of Georgia to United Kingdom have increased at an annualized rate of 24.2%, from $17.3M in 2017 to $51.2M in 2022.

In 2017, United Kingdom exported $132M to Georgia. The main products exported from United Kingdom to Georgia were Cars ($22.4M), Large Construction Vehicles ($16.4M), and Hard Liquor ($9.6M). During the last 5 years the exports of United Kingdom to Georgia have decreased at an annualized rate of 0.37%, from $135M in 2022 to $132M in 2017.

Exports from Georgia (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Georgia (Flag) (2022)

Latest Data

Trade between Georgia (Flag) and United Kingdom (Flag)

Georgia Exports

United Kingdom Exports

Market Competitiveness

Color
Georgia
Top DestinationChina$759M
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Georgia than United Kingdom included Armenia ($571M), Azerbaijan ($668M), and Bulgaria ($502M).

In 2022, countries that imported more from United Kingdom than Georgia included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Georgia (Flag) (2022)

Comparative Advantage Georgia - United Kingdom

Flow
Scale

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

During 2022, Georgia had a large net trade with United Kingdom in the exports of Textiles ($25.6M), Precious Metals ($9.23M), and Metals ($3.43M).

During 2017, United Kingdom had a large net trade with Georgia in the exports of Machines ($40.5M), Transportation ($27.4M), and Chemical Products ($15.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia United Kingdom+$3.04MKnit Men's Suits
Top Product Potential United Kingdom Georgia+$25.2MCars

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

Product Space of Georgia (Flag) and United Kingdom (Flag) (2022)

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