Georgia (GEO) and India (IND) Trade | The Observatory of Economic Complexity

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Georgia-India Trade: In 2023, Georgia exported $26.5M to India. The main products that Georgia exported to India were Nitrogenous Fertilizers ($14.7M), Rolled Tobacco ($2M), and Nitrogen Heterocyclic Compounds ($1.53M). Over the past 5 years the exports of Georgia to India have increased at an annualized rate of 3.97%, from $21.8M in 2018 to $26.5M in 2023.

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

India-Georgia Trade: In 2023, India exported $171M to Georgia. The main products that India exported to Georgia were Iron Structures ($24.9M), Packaged Medicaments ($20.1M), and Textile Fiber Machinery ($19.6M). Over the past 5 years the exports of India to Georgia have increased at an annualized rate of 5.3%, from $87.3M in 2018 to $171M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $26.5M to India. The main products exported from Georgia to India were Nitrogenous Fertilizers ($14.7M), Rolled Tobacco ($2M), and Nitrogen Heterocyclic Compounds ($1.53M). During the last 5 years the exports of Georgia to India have increased at an annualized rate of 3.97%, from $21.8M in 2018 to $26.5M in 2023.

In 2018, India exported $171M to Georgia. The main products exported from India to Georgia were Iron Structures ($24.9M), Packaged Medicaments ($20.1M), and Textile Fiber Machinery ($19.6M). During the last 5 years the exports of India to Georgia have increased at an annualized rate of 5.3%, from $87.3M in 2023 to $171M in 2018.

Exports from Georgia () to India () (2023)

Exports from India () to Georgia () (2023)

Latest Data

Trade between Georgia () and India ()

Georgia Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

India
Top DestinationUnited States$85.5B

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

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

In 2023, countries that imported more from India than Georgia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Georgia - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with India in the exports of Chemical Products ($16.7M), Metals ($3.05M), and Mineral Products ($2.02M).

During 2018, India had a large net trade with Georgia in the exports of Machines ($54.7M), Chemical Products ($40.8M), and Metals ($30.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia India+$3.42MNitrogenous Fertilizers

Top Product Potential India Georgia+$22.4MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

Exports from Georgia () to India () (2023)

Exports from India () to Georgia () (2023)

Latest Data

Trade between Georgia () and India ()

Georgia Exports

India Exports

Market Competitiveness

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

Comparative Advantage Georgia - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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