Italy
↔
Georgia

Italy-Georgia Bilateral Trade Analysis 2023

Complete trade statistics: $386.07M total volume •Italy surplus: $386.07M

Italy → Georgia

$386.07M

Exports (2023)

Georgia → Italy

$0

Imports (2023)

Trade Balance

$386.07M

Surplus for Italy

Total Trade

$386.07M

Combined Volume

Trade Flow Visualization

Direct trade relationship between Italy and Georgia. Green line shows exports from Italy, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Italy-Georgia commercial relationship and competitive positioning in global markets.

Italy → Georgia Exports

$386.07M
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
2.8% top product
1Boilers: central heating boilers (excluding those of heading no. 8402)
$10.95M
2.8% of exports
2Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
$8.41M
2.2% of exports
3Ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%
$6.12M
1.6% of exports
4Taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves
$5.92M
1.5% of exports
5Electro-thermic appliances: coffee or tea makers, of a kind used for domestic purposes
$5.82M
1.5% of exports

🎯 Strategic Export Focus

Italy's export portfolio to Georgia demonstrates strategic specialization, with boilers: central heating boilers (excluding those of heading no. 8402) representing a key competitive advantage in this bilateral market.

Georgia → Italy Imports

$0
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
Infinity% concentration
1Nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, in shell
$9.23M
Infinity% of imports
2Nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, shelled
$8.84M
Infinity% of imports
3Fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution
$5.93M
Infinity% of imports
4Coats: women's or girls' overcoats, car-coats, capes, anoraks, wind-jackets and similar articles, of textile materials n.e.c. in heading no. 6102, knitted or crocheted (excluding those of heading no. 6104)
$3.80M
Infinity% of imports
5Anoraks (including ski-jackets), wind-cheaters, wind-jackets and similar articles: men's or boys', of man-made fibres, other than those of heading no. 6203 (not knitted or crocheted)
$2.61M
Infinity% of imports

📦 Import Strategy Analysis

Italy's import pattern from Georgia reveals significant dependencyin nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, in shell, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Italy demonstrates competitive strength in exportingboilers: central heating boilers (excluding those of heading no. 8402) to Georgia, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $386.07M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Italy-Georgia Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $386.07 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Italy maintains a surplus of $386.07 million
  • Export Focus: Italy's primary exports include boilers: central heating boilers (excluding those of heading no. 8402), medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%
  • Import Dependencies: Key imports from Georgia include nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, in shell, nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, shelled, fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthImbalanced

📈 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 $386.07M 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 Italy leveraging its comparative advantages in boilers: central heating boilers (excluding those of heading no. 8402).

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

1

Comparative Advantage

Italy's specialization in boilers: central heating boilers (excluding those of heading no. 8402)complements Georgia's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, in shell.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $386.07M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $386.07M 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 $386.07 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in boilers: central heating boilers (excluding those of heading no. 8402) and nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, in shell demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Italy's trade surplus of $386.07 million strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale present expansion opportunities.
Market Diversification
Beyond current focus on nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, in shell, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in boilers: central heating boilers (excluding those of heading no. 8402) may affect future market positioning.

🎯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 Italy and Georgia represents a total trade volume of $386.07 million in 2023. This partnership demonstrates a favorable trade balance for Italy, with exports exceeding importsby $386.07 million.

Export Strengths

Italy's exports to Georgia total $386.07 million, with competitive advantages in boilers: central heating boilers (excluding those of heading no. 8402), representing $10.95M or2.8% of bilateral exports.

Import Dependencies

Imports from Georgia amount to $0.00, highlighting economic interdependence in nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, in shell, with Nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, in shell comprisingInfinity% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Italy'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 Italy and Georgia in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023