Romania (ROU) and Georgia (GEO) Trade | The Observatory of Economic Complexity

About

Romania-Georgia Trade: In 2022, Romania exported $306M to Georgia. The main products that Romania exported to Georgia were Refined Petroleum ($256M), Processed Tobacco ($10.1M), and Rubber Tires ($6.86M). Over the past 5 years the exports of Romania to Georgia have increased at an annualized rate of 9.73%, from $192M in 2017 to $306M in 2022.

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

Georgia-Romania Trade: In 2022, Georgia exported $267M to Romania. The main products that Georgia exported to Romania were Nitrogenous Fertilizers ($159M), Hot-Rolled Iron ($25.6M), and Acyclic Alcohols ($25.2M). Over the past 5 years the exports of Georgia to Romania have increased at an annualized rate of 17%, from $76.2M in 2017 to $267M in 2022.

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

Comparison: In 2022, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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, Romania exported $306M to Georgia. The main products exported from Romania to Georgia were Refined Petroleum ($256M), Processed Tobacco ($10.1M), and Rubber Tires ($6.86M). During the last 5 years the exports of Romania to Georgia have increased at an annualized rate of 9.73%, from $192M in 2017 to $306M in 2022.

In 2017, Georgia exported $267M to Romania. The main products exported from Georgia to Romania were Nitrogenous Fertilizers ($159M), Hot-Rolled Iron ($25.6M), and Acyclic Alcohols ($25.2M). During the last 5 years the exports of Georgia to Romania have increased at an annualized rate of 17%, from $76.2M in 2022 to $267M in 2017.

Exports from Romania () to Georgia () (2022)

Exports from Georgia () to Romania () (2022)

Latest Data

Trade between Romania () and Georgia ()

Romania Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Romania than Georgia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

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

Comparative Advantage Romania - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Georgia in the exports of Mineral Products ($256M), Foodstuffs ($14.2M), and Metals ($8.54M).

During 2017, Georgia had a large net trade with Romania in the exports of Chemical Products ($188M), Mineral Products ($40M), and Metals ($30.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Georgia+$7.02MCars

Top Product Potential Georgia Romania+$4.95MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Georgia () (2022)

Exports from Georgia () to Romania () (2022)

Latest Data

Trade between Romania () and Georgia ()

Romania Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Romania - Georgia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring