2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 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
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Georgia-Norway Trade: In 2022, Georgia exported $12.7M to Norway. The main products that Georgia exported to Norway were Fish oil ($7.44M), Knit T-shirts ($1.21M), and Ferroalloys ($1.17M). Over the past 5 years the exports of Georgia to Norway have increased at an annualized rate of 34.2%, from $2.92M in 2017 to $12.7M in 2022.

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

Norway-Georgia Trade: In 2022, Norway exported $18.8M to Georgia. The main products that Norway exported to Georgia were Non-fillet Frozen Fish ($6.66M), Non-fillet Fresh Fish ($3.92M), and Fish Fillets ($2.18M). Over the past 5 years the exports of Norway to Georgia have increased at an annualized rate of 7.07%,  from $13.3M in 2017 to $18.8M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $12.7M to Norway. The main products exported from Georgia to Norway were Fish oil ($7.44M), Knit T-shirts ($1.21M), and Ferroalloys ($1.17M). During the last 5 years the exports of Georgia to Norway have increased at an annualized rate of 34.2%, from $2.92M in 2017 to $12.7M in 2022.

In 2017, Norway exported $18.8M to Georgia. The main products exported from Norway to Georgia were Non-fillet Frozen Fish ($6.66M), Non-fillet Fresh Fish ($3.92M), and Fish Fillets ($2.18M). During the last 5 years the exports of Norway to Georgia have increased at an annualized rate of 7.07%, from $13.3M in 2022 to $18.8M in 2017.

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

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

Latest Data

Trade between Georgia (Flag) and Norway (Flag)

Georgia Exports

Norway Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Georgia than Norway included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

In 2022, countries that imported more from Norway than Georgia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Georgia - Norway

Flow
Scale

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

During 2022, Georgia had a large net trade with Norway in the exports of Animal and Vegetable Bi-Products ($7.44M), Textiles ($3.2M), and Metals ($1.19M).

During 2017, Norway had a large net trade with Georgia in the exports of Animal Products ($14.9M), Chemical Products ($1.61M), and Transportation ($710k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Norway+$873kKnit T-shirts
Top Product Potential Norway Georgia+$718kNon-fillet Fresh Fish

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

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with