Ukraine (UKR) and Georgia (GEO) Trade | The Observatory of Economic Complexity

About

Ukraine-Georgia Trade: In 2022, Ukraine exported $260M to Georgia. The main products that Ukraine exported to Georgia were Packaged Medicaments ($16.3M), Rolled Tobacco ($11.6M), and Soybean Meal ($10.2M). Over the past 5 years the exports of Ukraine to Georgia have decreased at an annualized rate of 10%, from $441M in 2017 to $260M in 2022.

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

Georgia-Ukraine Trade: In 2022, Georgia exported $229M to Ukraine. The main products that Georgia exported to Ukraine were Cars ($115M), Hard Liquor ($24.1M), and Refined Petroleum ($13.9M). Over the past 5 years the exports of Georgia to Ukraine have increased at an annualized rate of 8.55%, from $129M in 2017 to $229M in 2022.

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

Comparison: In 2022, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). 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, Ukraine exported $260M to Georgia. The main products exported from Ukraine to Georgia were Packaged Medicaments ($16.3M), Rolled Tobacco ($11.6M), and Soybean Meal ($10.2M). During the last 5 years the exports of Ukraine to Georgia have decreased at an annualized rate of 10%, from $441M in 2017 to $260M in 2022.

In 2017, Georgia exported $229M to Ukraine. The main products exported from Georgia to Ukraine were Cars ($115M), Hard Liquor ($24.1M), and Refined Petroleum ($13.9M). During the last 5 years the exports of Georgia to Ukraine have increased at an annualized rate of 8.55%, from $129M in 2022 to $229M in 2017.

Exports from Ukraine () to Georgia () (2022)

Exports from Georgia () to Ukraine () (2022)

Latest Data

Trade between Ukraine () and Georgia ()

Ukraine Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ukraine
Top DestinationPoland$6.7B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Ukraine than Georgia included Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

In 2022, countries that imported more from Georgia than Ukraine included Armenia ($571M), Azerbaijan ($668M), and Peru ($164M).

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

Comparative Advantage Ukraine - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ukraine had a large net trade with Georgia in the exports of Foodstuffs ($72M), Metals ($36.5M), and Machines ($29.8M).

During 2017, Georgia had a large net trade with Ukraine in the exports of Transportation ($117M), Foodstuffs ($49M), and Chemical Products ($16.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ukraine Georgia+$3.18kPetroleum Gas

Top Product Potential Georgia Ukraine+$3.87kRefined 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 Ukraine and Georgia. This means that a dot/product with the flag of Ukraine indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Ukraine.

About

Historical Data

Bilateral Trade by Products

Exports from Ukraine () to Georgia () (2022)

Exports from Georgia () to Ukraine () (2022)

Latest Data

Trade between Ukraine () and Georgia ()

Ukraine Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Ukraine - 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 Ukraine () and Georgia () (2022)

Keep Exploring