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2022
Flag → Flag
Exports $296MRnk 93 / 221
2022
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Top Product $11.8MLiquid Dispersing Machines
2022
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Exports $73.4MRnk 18 / 154
2022
Flag → Flag
Top Product $30.1MOther Nuts
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
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GDP GROWTH49.2%CURRENT US$
Rnk 64 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$6,628CURRENT US$
Rnk 99 / 186
2012-2022
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GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186

About

Italy-Georgia In 2022, Italy exported $296M to Georgia. The main products that Italy exported to Georgia are Liquid Dispersing Machines ($11.8M), Packaged Medicaments ($8.84M), and Other Furniture ($7.97M). During the last 27 years the exports of Italy to Georgia have increased at an annualized rate of 11.9%, from $14.2M in 1995 to $296M in 2022.

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

Georgia-Italy In 2022, Georgia exported $73.4M to Italy. The main products that Georgia exported to Italy were Other Nuts ($30.1M), Ferroalloys ($18M), and Refined Petroleum ($5.56M). During the last 27 years the exports of Georgia to Italy have increased at an annualized rate of 9.06%, from $7.06M in 1995 to $73.4M in 2022.

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

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €2.05M and imported €3.05M from Georgia, resulting in a negative trade balance of €1M. Between December 2022 and December 2023 the exports of Italy have decreased by €-2.78M (-57.6%) from €4.83M to €2.05M, while imports decreased by €-4.43M (-59.3%) from €7.48M to €3.05M.

Growth In December 2023, the decrease in Italy's year-by-year exports to Georgia was explained primarily by an decrease in product exports in . In November 2023, the decrease in Italy's year-by-year imports  from Georgia was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-2.78M(-57.6%)
IMPORT GROWTH (November 2022 - November 2023)€-4.43M(-59.3%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $296M to Georgia. The main products exported from Italy to Georgia were Liquid Dispersing Machines ($11.8M), Packaged Medicaments ($8.84M), and Other Furniture ($7.97M). During the last 27 years the exports of Italy to Georgia have increased at an annualized rate of 11.9%, from $14.2M in 1995 to $296M in 2022.

In 2022, Georgia exported $73.4M to Italy. The main products exported from Georgia to Italy were Other Nuts ($30.1M), Ferroalloys ($18M), and Refined Petroleum ($5.56M). During the last 27 years the exports of Georgia to Italy have increased at an annualized rate of 9.06%, from $7.06M in 1995 to $73.4M in 2022.

Exports from Italy (Flag) to Georgia (Flag) (2022)

Exports from Georgia (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Georgia
Top DestinationChina$759M

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

In 2021, countries that imported more from Italy than Georgia were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Georgia than Italy were Azerbaijan ($668M), Armenia ($571M), and Kyrgyzstan ($92.5M).

Difference in imports from Georgia (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Georgia

Flow
Scale

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

During 2022, Italy had a large net trade with Georgia in the exports of Machines ($90.1M), Chemical Products ($32.7M), and Foodstuffs ($25M).

During 2022, Georgia had a large net trade with Italy in the exports of Vegetable Products ($30.4M), Metals ($22.3M), and Mineral Products ($6.01M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Georgia. Similarly, the more yellow a dot/product is, the more Georgia has comparative advantage over Italy.

Product Space of Italy (Flag) and Georgia (Flag) (2022)

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