Georgia (GEO) and Ukraine (UKR) Trade | The Observatory of Economic Complexity

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Georgia-Ukraine Trade: In 2023, Georgia exported $105M to Ukraine. The main products that Georgia exported to Ukraine were Hard Liquor ($24.2M), Wine ($15.2M), and Cars ($13.7M). Over the past 5 years the exports of Georgia to Ukraine have decreased at an annualized rate of 7.11%, from $152M in 2018 to $105M in 2023.

In 2023, Georgia did not export any services to Ukraine.

Ukraine-Georgia Trade: In 2023, Ukraine exported $241M to Georgia. The main products that Ukraine exported to Georgia were Chocolate ($11.9M), Baked Goods ($10.5M), and Cars ($9.64M). Over the past 5 years the exports of Ukraine to Georgia have decreased at an annualized rate of 5.16%, from $534M in 2018 to $241M in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $105M to Ukraine. The main products exported from Georgia to Ukraine were Hard Liquor ($24.2M), Wine ($15.2M), and Cars ($13.7M). During the last 5 years the exports of Georgia to Ukraine have decreased at an annualized rate of 7.11%, from $152M in 2018 to $105M in 2023.

In 2018, Ukraine exported $241M to Georgia. The main products exported from Ukraine to Georgia were Chocolate ($11.9M), Baked Goods ($10.5M), and Cars ($9.64M). During the last 5 years the exports of Ukraine to Georgia have decreased at an annualized rate of 5.16%, from $534M in 2023 to $241M in 2018.

Exports from Georgia () to Ukraine () (2023)

Exports from Ukraine () to Georgia () (2023)

Latest Data

Trade between Georgia () and Ukraine ()

Georgia Exports

Date

Ukraine Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Georgia than Ukraine included Russia ($657M), Armenia ($712M), and Azerbaijan ($828M).

In 2023, countries that imported more from Ukraine than Georgia included Poland ($4.83B), Romania ($3.56B), and Spain ($2.46B).

Difference in imports from Ukraine () and Georgia () (2023)

Comparative Advantage Georgia - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Ukraine in the exports of Foodstuffs ($54.7M), Transportation ($14.1M), and Mineral Products ($9.56M).

During 2018, Ukraine had a large net trade with Georgia in the exports of Foodstuffs ($78.2M), Machines ($26M), and Metals ($25.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Ukraine+$3.87kRefined Petroleum

Top Product Potential Ukraine Georgia+$3.18kPetroleum Gas

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Ukraine () (2023)

Exports from Ukraine () to Georgia () (2023)

Latest Data

Trade between Georgia () and Ukraine ()

Georgia Exports

Ukraine Exports

Market Competitiveness

Difference in imports from Ukraine () and Georgia () (2023)

Comparative Advantage Georgia - Ukraine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Ukraine () (2023)

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