2023
Flag  
GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
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GDP GROWTH
75.7%CURRENT US$
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2023
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 GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
GDP PC 
$8,284CURRENT US$
Rnk 94 / 195
2013-2023
Flag
GDP PC GROWTH
75.8%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC
$52,642CURRENT US$
Rnk 24 / 196
2013-2023
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GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195

About

Georgia-Israel Trade: In 2023, Georgia exported $32.9M to Israel. The main products that Georgia exported to Israel were Flavored Water ($3.32M), Sulphur ($3.3M), and Video Recording Equipment ($3.25M). Over the past 5 years the exports of Georgia to Israel have increased at an annualized rate of 23.8%, from $11.3M in 2018 to $32.9M in 2023.

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

Israel-Georgia Trade: In 2023, Israel exported $28.4M to Georgia. The main products that Israel exported to Georgia were Chlorides ($4.08M), Liquid Dispersing Machines ($2.07M), and Beauty Products ($1.92M). Over the past 5 years the exports of Israel to Georgia have increased at an annualized rate of 2.53%,  from $25M in 2018 to $28.4M in 2023.

In 2012, Israel exported services to Georgia worth $0, with being the largest in terms of value.

Comparison: In 2023,  Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Georgia exported $32.9M to Israel. The main products exported from Georgia to Israel were Flavored Water ($3.32M), Sulphur ($3.3M), and Video Recording Equipment ($3.25M). During the last 5 years the exports of Georgia to Israel have increased at an annualized rate of 23.8%, from $11.3M in 2018 to $32.9M in 2023.

In 2018, Israel exported $28.4M to Georgia. The main products exported from Israel to Georgia were Chlorides ($4.08M), Liquid Dispersing Machines ($2.07M), and Beauty Products ($1.92M). During the last 5 years the exports of Israel to Georgia have increased at an annualized rate of 2.53%, from $25M in 2023 to $28.4M in 2018.

Exports from Georgia (Flag) to Israel (Flag) (2023)

Exports from Israel (Flag) to Georgia (Flag) (2023)

Latest Data

Trade between Georgia (Flag) and Israel (Flag)

Georgia Exports

Israel Exports

Market Competitiveness

Color
Georgia
Top Destination
Azerbaijan$828M
Israel
Top Destination
United States$20.3B

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

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

In 2023, countries that imported more from Israel than Georgia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

Difference in imports from Israel (Flag) and Georgia (Flag) (2023)

Comparative Advantage Georgia - Israel

Flow
Scale

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

During 2023, Georgia had a large net trade with Israel in the exports of Foodstuffs ($8.95M), Machines ($5.88M), and Wood Products ($3.95M).

During 2018, Israel had a large net trade with Georgia in the exports of Chemical Products ($11.3M), Machines ($6.55M), and Foodstuffs ($2.66M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Israel+$346kWine
Top Product Potential Israel Georgia+$2.16MTelephones

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

Product Space of Georgia (Flag) and Israel (Flag) (2023)

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