2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
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GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
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GDP PC 
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186
2022
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GDP PC
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
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GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186

About

Georgia-Israel Trade: In 2022, Georgia exported $29M to Israel. The main products that Georgia exported to Israel were Flavored Water ($4.93M), Plywood ($2.77M), and Hard Liquor ($2.3M). Over the past 5 years the exports of Georgia to Israel have increased at an annualized rate of 29.4%, from $7.99M in 2017 to $29M in 2022.

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

Israel-Georgia Trade: In 2022, Israel exported $26.8M to Georgia. The main products that Israel exported to Georgia were Cement Articles ($2.43M), Broadcasting Equipment ($2.4M), and Harvesting Machinery ($2.28M). Over the past 5 years the exports of Israel to Georgia have decreased at an annualized rate of 3.23%,  from $31.6M in 2017 to $26.8M in 2022.

In 2012, Israel exported services to Georgia worth $0, with being the largest in terms of value.

Comparison: In 2022,  Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $29M to Israel. The main products exported from Georgia to Israel were Flavored Water ($4.93M), Plywood ($2.77M), and Hard Liquor ($2.3M). During the last 5 years the exports of Georgia to Israel have increased at an annualized rate of 29.4%, from $7.99M in 2017 to $29M in 2022.

In 2017, Israel exported $26.8M to Georgia. The main products exported from Israel to Georgia were Cement Articles ($2.43M), Broadcasting Equipment ($2.4M), and Harvesting Machinery ($2.28M). During the last 5 years the exports of Israel to Georgia have decreased at an annualized rate of 3.23%, from $31.6M in 2022 to $26.8M in 2017.

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

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

Latest Data

Trade between Georgia (Flag) and Israel (Flag)

Georgia Exports

Israel Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Israel
Top Destination
United States$20.3B

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

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

In 2022, countries that imported more from Israel than Georgia included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

Comparative Advantage Georgia - Israel

Flow
Scale

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

During 2022, Georgia had a large net trade with Israel in the exports of Foodstuffs ($14.3M), Wood Products ($3.75M), and Machines ($2.81M).

During 2017, Israel had a large net trade with Georgia in the exports of Machines ($8.99M), Chemical Products ($5.65M), and Stone And Glass ($2.81M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Israel+$346kWine
Top Product Potential Israel Georgia+$2.16MTelephones

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

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

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