2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC 
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186
2022
Flag
GDP PC
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186

About

Georgia-Mexico Trade: In 2022, Georgia exported $4.73M to Mexico. The main products that Georgia exported to Mexico were Planes, Helicopters, and/or Spacecraft ($2.63M), Other Nuts ($1.1M), and Knit T-shirts ($566k). Over the past 5 years the exports of Georgia to Mexico have decreased at an annualized rate of 19.2%, from $13.7M in 2017 to $4.73M in 2022.

In 2022, Georgia did not export any services to Mexico.

Mexico-Georgia Trade: In 2022, Mexico exported $7.87M to Georgia. The main products that Mexico exported to Georgia were Raw Sugar ($6.05M), Beer ($471k), and Cars ($465k). Over the past 5 years the exports of Mexico to Georgia have increased at an annualized rate of 20.6%,  from $3.08M in 2017 to $7.87M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $4.73M to Mexico. The main products exported from Georgia to Mexico were Planes, Helicopters, and/or Spacecraft ($2.63M), Other Nuts ($1.1M), and Knit T-shirts ($566k). During the last 5 years the exports of Georgia to Mexico have decreased at an annualized rate of 19.2%, from $13.7M in 2017 to $4.73M in 2022.

In 2017, Mexico exported $7.87M to Georgia. The main products exported from Mexico to Georgia were Raw Sugar ($6.05M), Beer ($471k), and Cars ($465k). During the last 5 years the exports of Mexico to Georgia have increased at an annualized rate of 20.6%, from $3.08M in 2022 to $7.87M in 2017.

Exports from Georgia (Flag) to Mexico (Flag) (2022)

Exports from Mexico (Flag) to Georgia (Flag) (2022)

Latest Data

Trade between Georgia (Flag) and Mexico (Flag)

Georgia Exports

Mexico Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Mexico
Top Destination
United States$421B

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

In 2022, countries that imported more from Georgia than Mexico included Russia ($642M), Azerbaijan ($668M), and Armenia ($571M).

In 2022, countries that imported more from Mexico than Georgia included United States ($421B), Canada ($22.2B), and China ($12.7B).

Difference in imports from Mexico (Flag) and Georgia (Flag) (2022)

Comparative Advantage Georgia - Mexico

Flow
Scale

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

During 2022, Georgia had a large net trade with Mexico in the exports of Transportation ($2.63M), Vegetable Products ($1.1M), and Textiles ($592k).

During 2017, Mexico had a large net trade with Georgia in the exports of Foodstuffs ($6.97M), Transportation ($544k), and Animal Products ($228k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Mexico+$906kKnit T-shirts
Top Product Potential Mexico Georgia+$7.5kCars

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

Product Space of Georgia (Flag) and Mexico (Flag) (2022)

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