Georgia (GEO) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Georgia-Sweden Trade: In 2022, Georgia exported $2.41M to Sweden. The main products that Georgia exported to Sweden were Wine ($855k), Packing Bags ($739k), and Medical Instruments ($233k). Over the past 5 years the exports of Georgia to Sweden have increased at an annualized rate of 41.7%, from $423k in 2017 to $2.41M in 2022.

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

Sweden-Georgia Trade: In 2022, Sweden exported $37.2M to Georgia. The main products that Sweden exported to Georgia were Cars ($7.14M), Broadcasting Equipment ($6.59M), and Large Construction Vehicles ($3.28M). Over the past 5 years the exports of Sweden to Georgia have increased at an annualized rate of 23.4%, from $13M in 2017 to $37.2M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $2.41M to Sweden. The main products exported from Georgia to Sweden were Wine ($855k), Packing Bags ($739k), and Medical Instruments ($233k). During the last 5 years the exports of Georgia to Sweden have increased at an annualized rate of 41.7%, from $423k in 2017 to $2.41M in 2022.

In 2017, Sweden exported $37.2M to Georgia. The main products exported from Sweden to Georgia were Cars ($7.14M), Broadcasting Equipment ($6.59M), and Large Construction Vehicles ($3.28M). During the last 5 years the exports of Sweden to Georgia have increased at an annualized rate of 23.4%, from $13M in 2022 to $37.2M in 2017.

Exports from Georgia () to Sweden () (2022)

Exports from Sweden () to Georgia () (2022)

Latest Data

Trade between Georgia () and Sweden ()

Georgia Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Sweden
Top DestinationGermany$19.2B

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

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

In 2022, countries that imported more from Sweden than Georgia included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

Comparative Advantage Georgia - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Sweden in the exports of Textiles ($880k), Foodstuffs ($870k), and Instruments ($238k).

During 2017, Sweden had a large net trade with Georgia in the exports of Machines ($15.4M), Transportation ($10.8M), and Paper Goods ($3.98M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Sweden+$735kWine

Top Product Potential Sweden Georgia+$7.47MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Sweden () (2022)

Exports from Sweden () to Georgia () (2022)

Latest Data

Trade between Georgia () and Sweden ()

Georgia Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Georgia - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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