Georgia-Azerbaijan Bilateral Trade Analysis 2023
Complete trade statistics: $1.50B total volume •Georgia surplus: $185.58M
Georgia → Azerbaijan
$843.78M
Exports (2023)
Azerbaijan → Georgia
$658.20M
Imports (2023)
Trade Balance
$185.58M
Surplus for Georgia
Total Trade
$1.50B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Georgia and Azerbaijan. Green line shows exports from Georgia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Georgia-Azerbaijan commercial relationship and competitive positioning in global markets.
Georgia → Azerbaijan Exports
Export Market Intelligence
🎯 Strategic Export Focus
Georgia's export portfolio to Azerbaijan demonstrates strategic specialization, with vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc representing a key competitive advantage in this bilateral market.
Azerbaijan → Georgia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Georgia's import pattern from Azerbaijan reveals strategic sourcingin petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Georgia demonstrates competitive strength in exportingvehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc to Azerbaijan, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.50B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Georgia-Azerbaijan Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.50 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Georgia maintains a surplus of $185.58 million
- Export Focus: Georgia's primary exports include vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc, vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power
- Import Dependencies: Key imports from Azerbaijan include petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, cement clinkers (whether or not coloured)
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $1.50B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Georgia leveraging its comparative advantages in vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Georgia's specialization in vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cccomplements Azerbaijan's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.50B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.50B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $1.50 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc and petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Georgia's trade surplus of $185.58 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Georgia and Azerbaijan represents a total trade volume of $1.50 billion in 2023. This partnership demonstrates a favorable trade balance for Georgia, with exports exceeding importsby $185.58 million.
Export Strengths
Georgia's exports to Azerbaijan total $843.78 million, with competitive advantages in vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc, representing $119.61M or14.2% of bilateral exports.
Import Dependencies
Imports from Azerbaijan amount to $658.20 million, highlighting economic interdependence in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, with Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas comprising48.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Georgia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Georgia and Azerbaijan in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023