New Zealand (NZL) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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New Zealand-Georgia Trade: In 2023, New Zealand exported $8.66M to Georgia. The main products that New Zealand exported to Georgia were Other Edible Preparations ($2.97M), Non-fillet Frozen Fish ($2.1M), and Cheese ($1.72M). Over the past 5 years the exports of New Zealand to Georgia have increased at an annualized rate of 19.7%, from $3.52M in 2018 to $8.66M in 2023.

In 2023, New Zealand did not export any services to Georgia.

Georgia-New Zealand Trade: In 2023, Georgia exported $592k to New Zealand. The main products that Georgia exported to New Zealand were Packaged Medicaments ($194k), Knit T-shirts ($64.9k), and Non-Knit Women's Coats ($53.8k). Over the past 5 years the exports of Georgia to New Zealand have decreased at an annualized rate of 5.65%, from $792k in 2018 to $592k in 2023.

In 2023, Georgia did not export any services to New Zealand.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). 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, New Zealand exported $8.66M to Georgia. The main products exported from New Zealand to Georgia were Other Edible Preparations ($2.97M), Non-fillet Frozen Fish ($2.1M), and Cheese ($1.72M). During the last 5 years the exports of New Zealand to Georgia have increased at an annualized rate of 19.7%, from $3.52M in 2018 to $8.66M in 2023.

In 2018, Georgia exported $592k to New Zealand. The main products exported from Georgia to New Zealand were Packaged Medicaments ($194k), Knit T-shirts ($64.9k), and Non-Knit Women's Coats ($53.8k). During the last 5 years the exports of Georgia to New Zealand have decreased at an annualized rate of 5.65%, from $792k in 2023 to $592k in 2018.

Exports from New Zealand () to Georgia () (2023)

Exports from Georgia () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Georgia ()

New Zealand Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from New Zealand than Georgia included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

In 2023, countries that imported more from Georgia than New Zealand included Azerbaijan ($828M), Armenia ($712M), and Turkey ($733M).

Difference in imports from Georgia () and New Zealand () (2023)

Comparative Advantage New Zealand - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Georgia in the exports of Animal Products ($5.22M), Foodstuffs ($3.04M), and Machines ($398k).

During 2018, Georgia had a large net trade with New Zealand in the exports of Chemical Products ($204k), Textiles ($202k), and Machines ($67.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Georgia+$340kCheese

Top Product Potential Georgia New Zealand+$77.1kKnit T-shirts

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Georgia () (2023)

Exports from Georgia () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Georgia ()

New Zealand Exports

Georgia Exports

Market Competitiveness

Difference in imports from Georgia () and New Zealand () (2023)

Comparative Advantage New Zealand - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Georgia () (2023)

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