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2023
Flag → Flag
Exports $21.9MRnk 97 / 211
2023
Flag → Flag
Top Product $5.55MAgglomerated Cork
2023
Flag → Flag
Exports $4.22MRnk 62 / 158
2023
Flag → Flag
Top Product $2.23MPlywood
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.13Rnk 55 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$8,284CURRENT US$
Rnk 94 / 196
2013-2023
Flag
GDP PC GROWTH75.8%CURRENT US$
Rnk 19 / 195

About

Portugal-Georgia Trade: In 2023, Portugal exported $21.9M to Georgia. The main products that Portugal exported to Georgia were Agglomerated Cork ($5.55M), Animal Food ($3.63M), and Natural Cork Articles ($3.01M). Over the past 5 years the exports of Portugal to Georgia have increased at an annualized rate of 8.02%, from $14.9M in 2018 to $21.9M in 2023.

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

Georgia-Portugal Trade: In 2023, Georgia exported $4.22M to Portugal. The main products that Georgia exported to Portugal were Plywood ($2.23M), Inedible Fats and Oils ($1.06M), and Medical Instruments ($327k). Over the past 5 years the exports of Georgia to Portugal have increased at an annualized rate of 31.8%,  from $16.8k in 2018 to $4.22M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €926k and imported €40.3k from Georgia, resulting in a positive trade balance of €886k. Between December 2023 and December 2024 the exports of Portugal have decreased by €-119k (-11.4%) from €1.05M to €926k, while imports decreased by €-32.9k (-44.9%) from €73.2k to €40.3k.

Trade In December 2024, the top exports of Portugal to Georgia were Food residues & wastes; animal fodder (€222k), Cork & cork articles (€89.9k), Pharmaceutical products (€56k), Furniture, bedding, lamps, & prefab buildings (€47.4k), and Paper articles (€46.3k). In December 2024 the top imports of Portugal from Georgia were Wood, wood articles, & charcoal (€148k), Animal or vegetable fats, oils, &... (€58.3k), Cork & cork articles (€39.4k), Cars, tractors, trucks & parts thereof. (€5.43k), and Knitted clothing accesories (€457).

Growth In December 2024, the decrease in Portugal's year-by-year exports to Georgia was explained primarily by an decrease in product exports in Cork & cork articles (€-309k or -77.5%), Weapons (€-28.1k or -100%), and Footwear (€-18.5k or -63%). In December 2024, the decrease in Portugal's year-by-year imports  from Georgia was explained primarily by an decrease in product imports  in Non-knitted clothing accesories (€-1.25k or -93%), Musical instruments (€-391 or -100%), and Precious stones, metals, & pearls (€-53 or -82.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€-119k(-11.4%)
IMPORT GROWTH (December 2023 - December 2024)€-32.9k(-44.9%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Georgia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Georgia and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $21.9M to Georgia. The main products exported from Portugal to Georgia were Agglomerated Cork ($5.55M), Animal Food ($3.63M), and Natural Cork Articles ($3.01M). During the last 5 years the exports of Portugal to Georgia have increased at an annualized rate of 8.02%, from $14.9M in 2018 to $21.9M in 2023.

In 2018, Georgia exported $4.22M to Portugal. The main products exported from Georgia to Portugal were Plywood ($2.23M), Inedible Fats and Oils ($1.06M), and Medical Instruments ($327k). During the last 5 years the exports of Georgia to Portugal have increased at an annualized rate of 31.8%, from $16.8k in 2023 to $4.22M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from Portugal than Georgia included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

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

Comparative Advantage Portugal - Georgia

Flow
Scale

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

During 2023, Portugal had a large net trade with Georgia in the exports of Wood Products ($8.67M), Foodstuffs ($3.88M), and Chemical Products ($2.05M).

During 2018, Georgia had a large net trade with Portugal in the exports of Wood Products ($2.28M), Animal and Vegetable Bi-Products ($1.06M), and Instruments ($336k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Georgia+$882kPackaged Medicaments
Top Product Potential Georgia Portugal+$208kRubber Tires

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

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

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