A relatively small country with a population of 4.9 million residents, Georgia is strategically located at the confluence between Eastern Europe and West Asia.
Georgia is a resource-based economy. Iron ferroalloys, copper and gold were among the 20 most valuable Georgian export products in 2018.
Wine, liquor and mineral waters were also among the 20 most valuable Georgian export products.
The following list shows on which products Georgian exporters earned the most revenue. Unlike most information currently available on the web, the items below are detailed at the 4-digit tariff code level.
This can help entrepreneurs identify more precisely which products in which the Georgia has strong competitive advantages compared with other nations — and therefore opportunities for trade partnerships.
Most Valuable Georgian Export Products
Below are the 20 most valuable export products delivered to Georgian exporters in 2018. Shown within brackets the percentage change in value from 2017 to 2018 for each product.
- Copper ores, concentrates: US$493.7 million (up 17.6% since 2017)
- Iron ferroalloys: $346.7 million (up 13%)
- Wine: $184.4 million (up 7.9%)
- Mineral, aerated waters: $119.2 million (up 24.4%)
- Medication mixes in dosage: $102.8 million (down -26.9%)
- Nitrogenous fertilizers: $101.9 million (up 33.3%)
- Alcohol (including spirits, liqueurs): $99.3 million (down -21.6%)
- Gold (unwrought): $64.4 million (down -9%)
- Processed petroleum oils: $58.7 million (up 21.1%)
- Miscellaneous nuts: $50 million (down -39.8%)
- Electrical energy: $41.6 million (up 128.5%)
- T-shirts, vests (knit or crochet): $37.6 million (down -15.5%)
- Rubber tires (new): $36.5 million (up 25.5%)
- Sheep or goat meat: $34.5 million (up 45.3%)
- Live bovine cattle: $28.2 million (down -21.6%)
- Non-alcoholic drinks (not water/juice/milk): $27.9 million (up 56%)
- Iron or non-alloy steel products (semi-finished): $25.2 million (down -10%)
- Copper waste, scrap: $21.9 million (down -6.5%)
- Cyanide, cyanide oxides: $20.2 million (up 36%)
- Iron or non-alloy steel bars, rods: $20 million (down -11.9%)
From 2014 to 2018, the average change for all Georgian export products was a -7% downtick in value.
Among the 20 most valuable products, exported electrical energy gained 128.5% over the 5-year period starting in 2014.
In second place were non-alcoholic drinks excluding water, juice and milk via a 56% appreciation.
Exports of sheep or goat meat posted a 45.3% gain since 2014. Georgia’s exported cyanide or cyanide oxides moved ahead in value by 36%.
Leading the decliners were miscellaneous nuts (down -39.8%) and medication mixes in dosage (down -26.9%).
See also Georgia’s Top 10 Exports and Georgia’s Top Trading Partners
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on January 22, 2019
The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on January 22, 2019
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on January 22, 2019