Portugal (PRT) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Portugal-Georgia Trade: In 2022, Portugal exported $13.6M to Georgia. The main products that Portugal exported to Georgia were Agglomerated Cork ($4.31M), Natural Cork Articles ($3.02M), and Animal Food ($2.81M). Over the past 5 years the exports of Portugal to Georgia have increased at an annualized rate of 149%, from $143k in 2017 to $13.6M in 2022.

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

Georgia-Portugal Trade: In 2022, Georgia exported $638k to Portugal. The main products that Georgia exported to Portugal were Inedible Fats and Oils ($964k), Rubber Tires ($486k), and Other Nuts ($75.9k). Over the past 5 years the exports of Georgia to Portugal have increased at an annualized rate of 170%, from $4.4k in 2017 to $638k in 2022.

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

Comparison: In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Latest Trends

March, 2024

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Overview In March 2024, Portugal exported €1.23M and imported €13.2k from Georgia, resulting in a positive trade balance of €1.21M. Between March 2023 and March 2024 the exports of Portugal have decreased by €-724k (-37.1%) from €1.95M to €1.23M, while imports decreased by €-140k (-91.4%) from €153k to €13.2k.

Trade In March 2024, the top exports of Portugal to Georgia were Cork & cork articles (€399k), Food residues & wastes; animal fodder (€108k), Pharmaceutical products (€61.2k), Knitted clothing accesories (€35.7k), and Footwear (€29.4k). In March 2024 the top imports of Portugal from Georgia were Animal or vegetable fats, oils, &... (€53.5k), Non-knitted clothing accesories (€1.34k), Musical instruments (€391), Knitted clothing accesories (€317), and Footwear (€176).

Growth In March 2024, the decrease in Portugal's year-by-year exports to Georgia was explained primarily by an decrease in product exports in Food residues & wastes; animal fodder (€-122k or -52.9%), Ceramic products (€-114k or -99.9%), and Machinery, mechanical appliances, & parts (€-50.2k or -95.2%). In March 2024, the decrease in Portugal's year-by-year imports from Georgia was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)€-724k(-37.1%)

IMPORT GROWTH (March 2023 - March 2024)€-140k(-91.4%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $13.6M to Georgia. The main products exported from Portugal to Georgia were Agglomerated Cork ($4.31M), Natural Cork Articles ($3.02M), and Animal Food ($2.81M). During the last 5 years the exports of Portugal to Georgia have increased at an annualized rate of 149%, from $143k in 2017 to $13.6M in 2022.

In 2017, Georgia exported $638k to Portugal. The main products exported from Georgia to Portugal were Inedible Fats and Oils ($964k), Rubber Tires ($486k), and Other Nuts ($75.9k). During the last 22 years the exports of Georgia to Portugal have increased at an annualized rate of 170%, from $4.4k in 1995 to $638k in 2017.

Exports from Portugal () to Georgia () (2022)

Exports from Georgia () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Georgia
Top DestinationChina$759M

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 2022, countries that imported more from Portugal than Georgia included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Georgia than Portugal included Azerbaijan ($668M), Armenia ($571M), and Russia ($642M).

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

Comparative Advantage Portugal - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Georgia in the exports of Wood Products ($7.44M), Foodstuffs ($3.06M), and Stone And Glass ($1.4M).

During 2017, Georgia had a large net trade with Portugal in the exports of Animal and Vegetable Bi-Products ($964k), Plastics and Rubbers ($487k), and Mineral Products ($88.2k).

Economic Complexity

Competitive Landscape

Year

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.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Georgia () (2022)

Exports from Georgia () to Portugal () (2022)

Market Competitiveness

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

Comparative Advantage Portugal - Georgia

Economic Complexity

Competitive Landscape

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

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