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

About

Greece-Georgia Trade: In 2023, Greece exported $77.5M to Georgia. The main products that Greece exported to Georgia were Refined Petroleum ($37.2M), Packaged Medicaments ($12.7M), and Non-Knit Active Wear ($3.36M). Over the past 5 years the exports of Greece to Georgia have decreased at an annualized rate of 3.19%, from $91.2M in 2018 to $77.5M in 2023.

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

Georgia-Greece Trade: In 2023, Georgia exported $15.3M to Greece. The main products that Georgia exported to Greece were Refined Petroleum ($9.37M), Plywood ($1.16M), and Knit Socks and Hosiery ($874k). Over the past 5 years the exports of Georgia to Greece have increased at an annualized rate of 32%, from $3.83M in 2018 to $15.3M in 2023.

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

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $77.5M to Georgia. The main products exported from Greece to Georgia were Refined Petroleum ($37.2M), Packaged Medicaments ($12.7M), and Non-Knit Active Wear ($3.36M). During the last 5 years the exports of Greece to Georgia have decreased at an annualized rate of 3.19%, from $91.2M in 2018 to $77.5M in 2023.

In 2018, Georgia exported $15.3M to Greece. The main products exported from Georgia to Greece were Refined Petroleum ($9.37M), Plywood ($1.16M), and Knit Socks and Hosiery ($874k). During the last 5 years the exports of Georgia to Greece have increased at an annualized rate of 32%, from $3.83M in 2023 to $15.3M in 2018.

Exports from Greece () to Georgia () (2023)

Exports from Georgia () to Greece () (2023)

Latest Data

Trade between Greece () and Georgia ()

Greece Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Georgia
Top DestinationAzerbaijan$828M

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 2023, countries that imported more from Greece than Georgia included Italy ($6.21B), Cyprus ($3.03B), and Germany ($3.06B).

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

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

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 2023, Greece had a large net trade with Georgia in the exports of Mineral Products ($37.5M), Chemical Products ($21.2M), and Textiles ($3.94M).

During 2018, Georgia had a large net trade with Greece in the exports of Mineral Products ($9.39M), Foodstuffs ($1.73M), and Wood Products ($1.18M).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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 () (2023)

Exports from Georgia () to Greece () (2023)

Latest Data

Trade between Greece () and Georgia ()

Greece Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Greece - Georgia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring