2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH
75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC
$8,284CURRENT US$
Rnk 94 / 196
2013-2023
Flag
GDP PC GROWTH
75.8%CURRENT US$
Rnk 19 / 195

About

India-Georgia Trade: In 2023, India exported $171M to Georgia. The main products that India exported to Georgia were Iron Structures ($24.9M), Packaged Medicaments ($20.1M), and Textile Fiber Machinery ($19.6M). Over the past 5 years the exports of India to Georgia have increased at an annualized rate of 14.4%, from $87.3M in 2018 to $171M in 2023.

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

Georgia-India Trade: In 2023, Georgia exported $26.5M to India. The main products that Georgia exported to India were Nitrogenous Fertilizers ($14.7M), Rolled Tobacco ($2M), and Nitrogen Heterocyclic Compounds ($1.53M). Over the past 5 years the exports of Georgia to India have increased at an annualized rate of 3.97%,  from $21.8M in 2018 to $26.5M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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
Value

In 2023, India exported $171M to Georgia. The main products exported from India to Georgia were Iron Structures ($24.9M), Packaged Medicaments ($20.1M), and Textile Fiber Machinery ($19.6M). During the last 5 years the exports of India to Georgia have increased at an annualized rate of 14.4%, from $87.3M in 2018 to $171M in 2023.

In 2018, Georgia exported $26.5M to India. The main products exported from Georgia to India were Nitrogenous Fertilizers ($14.7M), Rolled Tobacco ($2M), and Nitrogen Heterocyclic Compounds ($1.53M). During the last 5 years the exports of Georgia to India have increased at an annualized rate of 3.97%, from $21.8M in 2023 to $26.5M in 2018.

Exports from India (Flag) to Georgia (Flag) (2023)

Exports from Georgia (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Georgia
Top Destination
Azerbaijan$828M

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

In 2023, countries that imported more from India than Georgia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Georgia than India included Azerbaijan ($828M), Kyrgyzstan ($519M), and Armenia ($712M).

Difference in imports from Georgia (Flag) and India (Flag) (2023)

Comparative Advantage India - Georgia

Flow
Scale

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

During 2023, India had a large net trade with Georgia in the exports of Machines ($54.7M), Chemical Products ($40.8M), and Metals ($30.4M).

During 2018, Georgia had a large net trade with India in the exports of Chemical Products ($16.7M), Metals ($3.05M), and Mineral Products ($2.02M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Georgia+$22.4MPackaged Medicaments
Top Product Potential Georgia India+$3.42MNitrogenous 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

This visualization shows the product space at the HS4 level with the flags of India and Georgia. This means that a dot/product with the flag of India indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over India.

Product Space of India (Flag) and Georgia (Flag) (2023)

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