Georgia (GEO) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Georgia-Iran Trade: In 2023, Georgia exported $30.1M to Iran. The main products that Georgia exported to Iran were Sawn Wood ($9.51M), Scented Mixtures ($2.48M), and Rolled Tobacco ($2.28M). Over the past 5 years the exports of Georgia to Iran have decreased at an annualized rate of 18.3%, from $82.8M in 2018 to $30.1M in 2023.

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

Iran-Georgia Trade: In 2023, Iran exported $241M to Georgia. The main products that Iran exported to Georgia were Raw Iron Bars ($39.1M), Unglazed Ceramics ($28M), and Ethylene Polymers ($19.9M). Over the past 5 years the exports of Iran to Georgia have increased at an annualized rate of 5.16%, from $187M in 2018 to $241M in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $30.1M to Iran. The main products exported from Georgia to Iran were Sawn Wood ($9.51M), Scented Mixtures ($2.48M), and Rolled Tobacco ($2.28M). During the last 5 years the exports of Georgia to Iran have decreased at an annualized rate of 18.3%, from $82.8M in 2018 to $30.1M in 2023.

In 2018, Iran exported $241M to Georgia. The main products exported from Iran to Georgia were Raw Iron Bars ($39.1M), Unglazed Ceramics ($28M), and Ethylene Polymers ($19.9M). During the last 5 years the exports of Iran to Georgia have increased at an annualized rate of 5.16%, from $187M in 2023 to $241M in 2018.

Exports from Georgia () to Iran () (2023)

Exports from Iran () to Georgia () (2023)

Latest Data

Trade between Georgia () and Iran ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Georgia than Iran included Russia ($657M), Kyrgyzstan ($519M), and Azerbaijan ($828M).

In 2023, countries that imported more from Iran than Georgia included China ($4.59B), Turkey ($2.18B), and India ($1.02B).

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

Comparative Advantage Georgia - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Iran in the exports of Wood Products ($9.56M), Foodstuffs ($6.35M), and Chemical Products ($4.08M).

During 2018, Iran had a large net trade with Georgia in the exports of Metals ($103M), Stone And Glass ($46.5M), and Plastics and Rubbers ($28.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Iran+$3.1kElectricity

Top Product Potential Iran Georgia+$3.79kRefined Copper

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Iran () (2023)

Exports from Iran () to Georgia () (2023)

Latest Data

Trade between Georgia () and Iran ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Georgia - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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