Turkey (TUR) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Turkey-Georgia Trade: In 2022, Turkey exported $2.49B to Georgia. The main products that Turkey exported to Georgia were Refined Petroleum ($117M), Packaged Medicaments ($68.3M), and Cars ($57.9M). Over the past 5 years the exports of Turkey to Georgia have increased at an annualized rate of 12.3%, from $1.4B in 2017 to $2.49B in 2022.

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

Georgia-Turkey Trade: In 2022, Georgia exported $490M to Turkey. The main products that Georgia exported to Turkey were Electricity ($113M), Knit T-shirts ($72.8M), and Ferroalloys ($60M). Over the past 5 years the exports of Georgia to Turkey have increased at an annualized rate of 14.7%, from $247M in 2017 to $490M in 2022.

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

Comparison: In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $2.49B to Georgia. The main products exported from Turkey to Georgia were Refined Petroleum ($117M), Packaged Medicaments ($68.3M), and Cars ($57.9M). During the last 5 years the exports of Turkey to Georgia have increased at an annualized rate of 12.3%, from $1.4B in 2017 to $2.49B in 2022.

In 2017, Georgia exported $490M to Turkey. The main products exported from Georgia to Turkey were Electricity ($113M), Knit T-shirts ($72.8M), and Ferroalloys ($60M). During the last 5 years the exports of Georgia to Turkey have increased at an annualized rate of 14.7%, from $247M in 2022 to $490M in 2017.

Exports from Turkey () to Georgia () (2022)

Exports from Georgia () to Turkey () (2022)

Latest Data

Trade between Turkey () and Georgia ()

Turkey Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Turkey than Georgia included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, countries that imported more from Georgia than Turkey included Armenia ($571M) and Saint Martin ($223k).

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

Comparative Advantage Turkey - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Georgia in the exports of Machines ($399M), Metals ($352M), and Textiles ($307M).

During 2017, Georgia had a large net trade with Turkey in the exports of Metals ($154M), Textiles ($147M), and Mineral Products ($125M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Georgia+$28.6MCars

Top Product Potential Georgia Turkey+$23.9MRefined 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.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Georgia () (2022)

Exports from Georgia () to Turkey () (2022)

Latest Data

Trade between Turkey () and Georgia ()

Turkey Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Turkey - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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