2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC 
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186
2022
Flag
GDP PC
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186

About

Georgia-Armenia Trade: In 2022, Georgia exported $571M to Armenia. The main products that Georgia exported to Armenia were Cars ($135M), Large Construction Vehicles ($21.4M), and Flavored Water ($13.7M). Over the past 5 years the exports of Georgia to Armenia have increased at an annualized rate of 21.6%, from $214M in 2017 to $571M in 2022.

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

Armenia-Georgia Trade: In 2022, Armenia exported $260M to Georgia. The main products that Armenia exported to Georgia were Precious Metal Ore ($86.3M), Other Processed Fruits and Nuts ($32.3M), and Electricity ($21.3M). Over the past 5 years the exports of Armenia to Georgia have increased at an annualized rate of 11.5%,  from $150M in 2017 to $260M in 2022.

In 2022, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $571M to Armenia. The main products exported from Georgia to Armenia were Cars ($135M), Large Construction Vehicles ($21.4M), and Flavored Water ($13.7M). During the last 5 years the exports of Georgia to Armenia have increased at an annualized rate of 21.6%, from $214M in 2017 to $571M in 2022.

In 2017, Armenia exported $260M to Georgia. The main products exported from Armenia to Georgia were Precious Metal Ore ($86.3M), Other Processed Fruits and Nuts ($32.3M), and Electricity ($21.3M). During the last 5 years the exports of Armenia to Georgia have increased at an annualized rate of 11.5%, from $150M in 2022 to $260M in 2017.

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

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

Latest Data

Trade between Georgia (Flag) and Armenia (Flag)

Georgia Exports

Armenia Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Armenia
Top Destination
Russia$2.36B

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

In 2022, countries that imported more from Georgia than Armenia included Azerbaijan ($668M), Turkey ($490M), and China ($759M).

In 2022, countries that imported more from Armenia than Georgia included Russia ($2.36B), United Arab Emirates ($535M), and Iraq ($250M).

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

Comparative Advantage Georgia - Armenia

Flow
Scale

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

During 2022, Georgia had a large net trade with Armenia in the exports of Transportation ($164M), Machines ($92.6M), and Foodstuffs ($53.4M).

During 2017, Armenia had a large net trade with Georgia in the exports of Mineral Products ($114M), Foodstuffs ($63.5M), and Transportation ($18M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Armenia+$771kRefined Petroleum
Top Product Potential Armenia Georgia+$3.59MCars

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

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

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

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