Georgia (GEO) and Turkey (TUR) Trade | The Observatory of Economic Complexity

About

Georgia-Turkey Trade: In 2022, Georgia exported $490M to Turkey. The main products that Georgia exported to Turkey were Electricity ($113M), Knit T-shirts ($72.8M), and Ferroalloys ($60M). Over the past 5 years the exports of Georgia to Turkey have increased at an annualized rate of 14.7%, from $247M in 2017 to $490M in 2022.

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

Turkey-Georgia Trade: In 2022, Turkey exported $2.49B to Georgia. The main products that Turkey exported to Georgia were Refined Petroleum ($117M), Packaged Medicaments ($68.3M), and Cars ($57.9M). Over the past 5 years the exports of Turkey to Georgia have increased at an annualized rate of 12.3%, from $1.4B in 2017 to $2.49B in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $490M to Turkey. The main products exported from Georgia to Turkey were Electricity ($113M), Knit T-shirts ($72.8M), and Ferroalloys ($60M). During the last 5 years the exports of Georgia to Turkey have increased at an annualized rate of 14.7%, from $247M in 2017 to $490M in 2022.

In 2017, Turkey exported $2.49B to Georgia. The main products exported from Turkey to Georgia were Refined Petroleum ($117M), Packaged Medicaments ($68.3M), and Cars ($57.9M). During the last 5 years the exports of Turkey to Georgia have increased at an annualized rate of 12.3%, from $1.4B in 2022 to $2.49B in 2017.

Exports from Georgia () to Turkey () (2022)

Exports from Turkey () to Georgia () (2022)

Latest Data

Trade between Georgia () and Turkey ()

Georgia Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Georgia than Turkey included Armenia ($571M) and Saint Martin ($223k).

In 2022, countries that imported more from Turkey than Georgia included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Georgia - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Turkey in the exports of Metals ($154M), Textiles ($147M), and Mineral Products ($125M).

During 2017, Turkey had a large net trade with Georgia in the exports of Machines ($399M), Metals ($352M), and Textiles ($307M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Turkey+$23.9MRefined Petroleum

Top Product Potential Turkey Georgia+$28.6MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Turkey () (2022)

Exports from Turkey () to Georgia () (2022)

Latest Data

Trade between Georgia () and Turkey ()

Georgia Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Georgia - Turkey

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 Turkey () (2022)

Keep Exploring