Georgia / South Korea

Georgia-South Korea Trade: In 2023, Georgia exported $5M to South Korea. The main products that Georgia exported to South Korea were Motor vehicles; parts and accessories (8701 to 8705) ($1.06M), Scrap Copper ($1.04M), and Animal Meal and Pellets ($402k). Over the past 5 years the exports of Georgia to South Korea have decreased at an annualized rate of 41.6%, from $73.6M in 2018 to $5M in 2023.

In 2023, Georgia did not export any services to South Korea.

South Korea-Georgia Trade: In 2023, South Korea exported $116M to Georgia. The main products that South Korea exported to Georgia were Cars ($52.4M), Large Construction Vehicles ($17.1M), and Coated Flat-Rolled Iron ($10.6M). Over the past 5 years the exports of South Korea to Georgia have increased at an annualized rate of 1.38%,  from $108M in 2018 to $116M in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).