Spain-Georgia Bilateral Trade Analysis 2023
Complete trade statistics: $314.08M total volume •Spain surplus: $93.18M
Spain → Georgia
$203.63M
Exports (2023)
Georgia → Spain
$110.45M
Imports (2023)
Trade Balance
$93.18M
Surplus for Spain
Total Trade
$314.08M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Spain and Georgia. Green line shows exports from Spain, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Spain-Georgia commercial relationship and competitive positioning in global markets.
Spain → Georgia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Spain's export portfolio to Georgia demonstrates strategic specialization, with 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% representing a key competitive advantage in this bilateral market.
Georgia → Spain Imports
Import Dependency Profile
📦 Import Strategy Analysis
Spain's import pattern from Georgia reveals significant dependencyin copper ores and concentrates, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Spain demonstrates competitive strength in exportingceramic 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% to Georgia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $314.08M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Spain-Georgia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $314.08 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Spain maintains a surplus of $93.18 million
- Export Focus: Spain's primary exports include 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%, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, trousers, bib and brace overalls, breeches and shorts: women's or girls', of cotton (not knitted or crocheted)
- Import Dependencies: Key imports from Georgia include copper ores and concentrates, 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, nuts, edible: hazelnuts or filberts (corylus spp.), fresh or dried, shelled
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 $314.08M 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 Spain leveraging its comparative advantages in 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%.
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
Spain's specialization in 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%complements Georgia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in copper ores and concentrates.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $314.08M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $314.08M 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 $314.08 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in 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% and copper ores and concentrates demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Spain's trade surplus of $93.18 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 Spain and Georgia represents a total trade volume of $314.08 million in 2023. This partnership demonstrates a favorable trade balance for Spain, with exports exceeding importsby $93.18 million.
Export Strengths
Spain's exports to Georgia total $203.63 million, with competitive advantages in 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%, representing $18.77M or9.2% of bilateral exports.
Import Dependencies
Imports from Georgia amount to $110.45 million, highlighting economic interdependence in copper ores and concentrates, with Copper ores and concentrates comprising51.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Spain'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 Spain and Georgia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023