2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 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
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

Georgia-North Macedonia Trade: In 2022, Georgia exported $281k to North Macedonia. The main products that Georgia exported to North Macedonia were Video and Card Games ($123k), Special Pharmaceuticals ($27.6k), and Spices ($22k). Over the past 5 years the exports of Georgia to North Macedonia have increased at an annualized rate of 9.14%, from $182k in 2017 to $281k in 2022.

In 2022, Georgia did not export any services to North Macedonia.

North Macedonia-Georgia Trade: In 2022, North Macedonia exported $1.83M to Georgia. The main products that North Macedonia exported to Georgia were Unpackaged Medicaments ($418k), Packaged Medicaments ($276k), and Hydraulic Turbines ($229k). Over the past 5 years the exports of North Macedonia to Georgia have increased at an annualized rate of 29.8%,  from $498k in 2017 to $1.83M in 2022.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $281k to North Macedonia. The main products exported from Georgia to North Macedonia were Video and Card Games ($123k), Special Pharmaceuticals ($27.6k), and Spices ($22k). During the last 5 years the exports of Georgia to North Macedonia have increased at an annualized rate of 9.14%, from $182k in 2017 to $281k in 2022.

In 2017, North Macedonia exported $1.83M to Georgia. The main products exported from North Macedonia to Georgia were Unpackaged Medicaments ($418k), Packaged Medicaments ($276k), and Hydraulic Turbines ($229k). During the last 5 years the exports of North Macedonia to Georgia have increased at an annualized rate of 29.8%, from $498k in 2022 to $1.83M in 2017.

Exports from Georgia (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Georgia (Flag) (2022)

Latest Data

Trade between Georgia (Flag) and North Macedonia (Flag)

Georgia Exports

North Macedonia Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
North Macedonia
Top Destination
Germany$3.96B

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

In 2022, countries that imported more from Georgia than North Macedonia included China ($759M), Azerbaijan ($668M), and Russia ($642M).

In 2022, countries that imported more from North Macedonia than Georgia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

Difference in imports from North Macedonia (Flag) and Georgia (Flag) (2022)

Comparative Advantage Georgia - North Macedonia

Flow
Scale

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

During 2022, Georgia had a large net trade with North Macedonia in the exports of Miscellaneous ($126k), Machines ($33.9k), and Vegetable Products ($32.3k).

During 2017, North Macedonia had a large net trade with Georgia in the exports of Machines ($765k), Chemical Products ($735k), and Foodstuffs ($131k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia North Macedonia+$19.8kKnit T-shirts
Top Product Potential North Macedonia Georgia+$348kPackaged 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.

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Economic Complexity

Competitive Landscape

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

Product Space of Georgia (Flag) and North Macedonia (Flag) (2022)

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