Greece (GRC) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Greece-Georgia Trade: In 2022, Greece exported $134M to Georgia. The main products that Greece exported to Georgia were Refined Petroleum ($98.6M), Packaged Medicaments ($10.7M), and Used Clothing ($3.05M). Over the past 5 years the exports of Greece to Georgia have decreased at an annualized rate of 4.76%, from $172M in 2017 to $134M in 2022.

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

Georgia-Greece Trade: In 2022, Georgia exported $6.97M to Greece. The main products that Georgia exported to Greece were Nitrogenous Fertilizers ($1.72M), Hard Liquor ($1.63M), and Knit Socks and Hosiery ($805k). Over the past 5 years the exports of Georgia to Greece have increased at an annualized rate of 6.77%, from $4.13M in 2017 to $6.97M in 2022.

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

Comparison: In 2022, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greece exported $134M to Georgia. The main products exported from Greece to Georgia were Refined Petroleum ($98.6M), Packaged Medicaments ($10.7M), and Used Clothing ($3.05M). During the last 5 years the exports of Greece to Georgia have decreased at an annualized rate of 4.76%, from $172M in 2017 to $134M in 2022.

In 2017, Georgia exported $6.97M to Greece. The main products exported from Georgia to Greece were Nitrogenous Fertilizers ($1.72M), Hard Liquor ($1.63M), and Knit Socks and Hosiery ($805k). During the last 5 years the exports of Georgia to Greece have increased at an annualized rate of 6.77%, from $4.13M in 2022 to $6.97M in 2017.

Exports from Greece () to Georgia () (2022)

Exports from Georgia () to Greece () (2022)

Latest Data

Trade between Greece () and Georgia ()

Greece Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Greece than Georgia included Italy ($5.82B), Germany ($3.45B), and Bulgaria ($3.62B).

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

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

Comparative Advantage Greece - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greece had a large net trade with Georgia in the exports of Mineral Products ($98.8M), Chemical Products ($17.5M), and Textiles ($3.5M).

During 2017, Georgia had a large net trade with Greece in the exports of Foodstuffs ($2.55M), Chemical Products ($2.38M), and Textiles ($821k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Georgia+$3.67MPackaged Medicaments

Top Product Potential Georgia Greece+$1.62MNitrogenous Fertilizers

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Georgia () (2022)

Exports from Georgia () to Greece () (2022)

Latest Data

Trade between Greece () and Georgia ()

Greece Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Greece - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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