Iran (IRN) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Iran-Georgia Trade: In 2022, Iran exported $231M to Georgia. The main products that Iran exported to Georgia were Ethylene Polymers ($26.5M), Unglazed Ceramics ($24.7M), and Raw Iron Bars ($19.8M). Over the past 5 years the exports of Iran to Georgia have increased at an annualized rate of 15.4%, from $113M in 2017 to $231M in 2022.

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

Georgia-Iran Trade: In 2022, Georgia exported $29.6M to Iran. The main products that Georgia exported to Iran were Sawn Wood ($8.69M), Vacuum Cleaners ($2.95M), and Scented Mixtures ($2.56M). Over the past 5 years the exports of Georgia to Iran have decreased at an annualized rate of 19.3%, from $86.6M in 2017 to $29.6M in 2022.

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

Comparison: In 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $231M to Georgia. The main products exported from Iran to Georgia were Ethylene Polymers ($26.5M), Unglazed Ceramics ($24.7M), and Raw Iron Bars ($19.8M). During the last 5 years the exports of Iran to Georgia have increased at an annualized rate of 15.4%, from $113M in 2017 to $231M in 2022.

In 2017, Georgia exported $29.6M to Iran. The main products exported from Georgia to Iran were Sawn Wood ($8.69M), Vacuum Cleaners ($2.95M), and Scented Mixtures ($2.56M). During the last 5 years the exports of Georgia to Iran have decreased at an annualized rate of 19.3%, from $86.6M in 2022 to $29.6M in 2017.

Exports from Iran () to Georgia () (2022)

Exports from Georgia () to Iran () (2022)

Latest Data

Trade between Iran () and Georgia ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Iran than Georgia included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

In 2022, countries that imported more from Georgia than Iran included Russia ($642M), Bulgaria ($502M), and United States ($327M).

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

Comparative Advantage Iran - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Georgia in the exports of Metals ($83M), Stone And Glass ($44.8M), and Plastics and Rubbers ($35.3M).

During 2017, Georgia had a large net trade with Iran in the exports of Wood Products ($8.88M), Chemical Products ($6.55M), and Machines ($4.32M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Georgia+$3.79kRefined Copper

Top Product Potential Georgia Iran+$3.1kElectricity

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Georgia () (2022)

Exports from Georgia () to Iran () (2022)

Latest Data

Trade between Iran () and Georgia ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Iran - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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