Georgia (GEO) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Georgia-Norway Trade: In 2022, Georgia exported $12.7M to Norway. The main products that Georgia exported to Norway were Fish oil ($7.44M), Knit T-shirts ($1.21M), and Ferroalloys ($1.17M). Over the past 5 years the exports of Georgia to Norway have increased at an annualized rate of 34.2%, from $2.92M in 2017 to $12.7M in 2022.

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

Norway-Georgia Trade: In 2022, Norway exported $18.8M to Georgia. The main products that Norway exported to Georgia were Non-fillet Frozen Fish ($6.66M), Non-fillet Fresh Fish ($3.92M), and Fish Fillets ($2.18M). Over the past 5 years the exports of Norway to Georgia have increased at an annualized rate of 7.07%, from $13.3M in 2017 to $18.8M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $12.7M to Norway. The main products exported from Georgia to Norway were Fish oil ($7.44M), Knit T-shirts ($1.21M), and Ferroalloys ($1.17M). During the last 5 years the exports of Georgia to Norway have increased at an annualized rate of 34.2%, from $2.92M in 2017 to $12.7M in 2022.

In 2017, Norway exported $18.8M to Georgia. The main products exported from Norway to Georgia were Non-fillet Frozen Fish ($6.66M), Non-fillet Fresh Fish ($3.92M), and Fish Fillets ($2.18M). During the last 5 years the exports of Norway to Georgia have increased at an annualized rate of 7.07%, from $13.3M in 2022 to $18.8M in 2017.

Exports from Georgia () to Norway () (2022)

Exports from Norway () to Georgia () (2022)

Latest Data

Trade between Georgia () and Norway ()

Georgia Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Georgia than Norway included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

In 2022, countries that imported more from Norway than Georgia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway () and Georgia () (2022)

Comparative Advantage Georgia - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Norway in the exports of Animal and Vegetable Bi-Products ($7.44M), Textiles ($3.2M), and Metals ($1.19M).

During 2017, Norway had a large net trade with Georgia in the exports of Animal Products ($14.9M), Chemical Products ($1.61M), and Transportation ($710k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Norway+$873kKnit T-shirts

Top Product Potential Norway Georgia+$718kNon-fillet Fresh Fish

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Norway () (2022)

Exports from Norway () to Georgia () (2022)

Latest Data

Trade between Georgia () and Norway ()

Georgia Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Georgia () (2022)

Comparative Advantage Georgia - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Norway () (2022)

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