2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 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
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186

About

Georgia-Serbia Trade: In 2022, Georgia exported $2.86M to Serbia. The main products that Georgia exported to Serbia were Large Construction Vehicles ($408k), Medical Instruments ($309k), and Clays ($297k). Over the past 5 years the exports of Georgia to Serbia have increased at an annualized rate of 59.6%, from $275k in 2017 to $2.86M in 2022.

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

Serbia-Georgia Trade: In 2022, Serbia exported $74.1M to Georgia. The main products that Serbia exported to Georgia were Copper Ore ($57M), Rubber Tires ($4.21M), and Mixed Mineral or Chemical Fertilizers ($1.96M). Over the past 5 years the exports of Serbia to Georgia have increased at an annualized rate of 58.9%,  from $7.3M in 2017 to $74.1M in 2022.

In 2009, Serbia exported services to Georgia worth $371k, with Workers' remittances ($146k), Travel ($101k), and Other business services ($62k) being the largest in terms of value.

Comparison: In 2022,  Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $2.86M to Serbia. The main products exported from Georgia to Serbia were Large Construction Vehicles ($408k), Medical Instruments ($309k), and Clays ($297k). During the last 5 years the exports of Georgia to Serbia have increased at an annualized rate of 59.6%, from $275k in 2017 to $2.86M in 2022.

In 2017, Serbia exported $74.1M to Georgia. The main products exported from Serbia to Georgia were Copper Ore ($57M), Rubber Tires ($4.21M), and Mixed Mineral or Chemical Fertilizers ($1.96M). During the last 5 years the exports of Serbia to Georgia have increased at an annualized rate of 58.9%, from $7.3M in 2022 to $74.1M in 2017.

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

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

Latest Data

Trade between Georgia (Flag) and Serbia (Flag)

Georgia Exports

Serbia Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Serbia
Top Destination
Germany$4B

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

In 2022, countries that imported more from Georgia than Serbia included Azerbaijan ($668M), Armenia ($571M), and India ($318M).

In 2022, countries that imported more from Serbia than Georgia included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

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

Comparative Advantage Georgia - Serbia

Flow
Scale

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

During 2022, Georgia had a large net trade with Serbia in the exports of Transportation ($881k), Machines ($573k), and Instruments ($326k).

During 2017, Serbia had a large net trade with Georgia in the exports of Mineral Products ($57.7M), Plastics and Rubbers ($6.36M), and Machines ($2.53M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Serbia+$61.3kWine
Top Product Potential Serbia Georgia+$1.04MRefined Petroleum

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

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

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