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

About

Georgia-Portugal Trade: In 2022, Georgia exported $1.78M 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 22.8%, from $638k in 2017 to $1.78M in 2022.

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

Portugal-Georgia Trade: In 2022, Portugal exported $17.3M 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 5.05%, from $13.6M in 2017 to $17.3M in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $1.78M 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 5 years the exports of Georgia to Portugal have increased at an annualized rate of 22.8%, from $638k in 2017 to $1.78M in 2022.

In 2017, Portugal exported $17.3M 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 5.05%, from $13.6M in 2022 to $17.3M in 2017.

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

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

Latest Data

Trade between Georgia () and Portugal ()

Georgia Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Portugal
Top DestinationSpain$20.5B

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

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

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

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

Comparative Advantage Georgia - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, 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).

During 2017, 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).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Portugal+$208kRubber Tires

Top Product Potential Portugal Georgia+$882kPackaged Medicaments

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 Georgia and Portugal. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Georgia.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Georgia () and Portugal ()

Georgia Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Georgia - Portugal

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 Georgia () and Portugal () (2022)

Keep Exploring