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Georgia

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

Powering Mutually Beneficial Global Trade.

 

Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
0.4
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
1.74
0.17
1.57

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of today, Saturday, April 19, 2025, here's the latest update on tariffs concerning the country of Georgia and its trade relationship with the United States: New 10% Tariff by the United States: On April 2, 2025, the United States imposed a 10% baseline tariff on goods imported from Georgia. This was part of a broader implementation of "reciprocal tariffs" on nearly all countries.   This 10% tariff went into effect on April 5, 2025. Despite the U.S. generally having a trade surplus with Georgia (exporting more goods to Georgia than it imports), Georgia was included in this baseline tariff. In 2024, Georgia imported $1.7 billion worth of goods from the U.S., while exporting only $165 million in return.   Impact on Georgia: Key Georgian exports to the U.S., such as ferroalloys and manganese, are expected to be affected by this new tariff, potentially making them more expensive for U.S. buyers. While trade with the U.S. doesn't constitute a major portion of Georgia's overall exports, economists have warned that a global trade war stemming from these tariffs could have significant negative consequences worldwide, including for Georgia.   The Georgia Chamber of Commerce has released a report to help Georgian businesses understand and prepare for these new tariff measures, emphasizing potential disruptions to supply chains and increased costs.   Bilateral Trade Relationship: The United States and Georgia have a Bilateral Investment Treaty (BIT) and a Bilateral Trade and Investment Framework Agreement (TIFA) in place.   Previously, Georgia could export a wide variety of products duty-free to the United States under the Generalized System of Preferences (GSP) program. It's unclear if the newly imposed 10% tariff overrides this for eligible goods. Some reports suggest the GSP benefit might still apply to certain goods, offering a cost advantage over non-GSP countries. In 2023, only a small percentage (1.8%) of Georgia's exports to the U.S. utilized the GSP program, indicating potential for greater use.   In January 2025, the United States exported $152 million worth of goods to Georgia and imported $21.1 million from Georgia, resulting in a trade surplus for the U.S. The top U.S. exports to Georgia included cars, vehicle parts, and poultry meat. The main U.S. imports from Georgia were ferroalloys and iron pipes. No Retaliatory Tariffs from Georgia (So Far): As of this update, there have been no reports of Georgia imposing retaliatory tariffs on goods from the United States. In summary, the key recent tariff update for Georgia is the imposition of a 10% tariff by the United States on its imports from Georgia, effective April 5, 2025. This could impact the competitiveness of Georgian exports like ferroalloys in the U.S. market. The long-term effects will depend on the broader global trade response and any potential adjustments to the U.S. tariff policy.

US Negotiation Strategy

Based on the most recent data from 2024, the top imports to the US from Georgia by value are: Iron and steel ($101.48 Million) Beverages, spirits and vinegar ($13.46 Million) Mineral fuels, oils, distillation products ($8.00 Million) Inorganic chemicals, precious metal compound, isotope ($7.47 Million) Vehicles other than railway, tramway ($7.29 Million) Here's a breakdown of which states in the US can manufacture similar products, along with examples of companies in those states: Iron and Steel: Several states have significant iron and steel production. Pennsylvania: U.S. Steel, NLMK Pennsylvania   Indiana: Steel Dynamics, ArcelorMittal   Ohio: Cleveland-Cliffs, Republic Steel Other significant steel-producing states include Alabama, Illinois, Kentucky, and Michigan. Beverages, Spirits, and Vinegar: Many states across the US have a thriving beverage industry. California: E. & J. Gallo Winery, Constellation Brands (wine and spirits), Anheuser-Busch, MillerCoors (beer) Kentucky: Jim Beam, Maker's Mark, Buffalo Trace (bourbon and spirits)   Tennessee: Jack Daniel's, George Dickel (whiskey)   Oregon and Washington: Numerous craft breweries and wineries.   Almost every state has local breweries, wineries, and distilleries. Major beverage companies like Coca-Cola and PepsiCo also have manufacturing plants across numerous states (Coca-Cola is headquartered in Atlanta, Georgia, but has facilities nationwide). Mineral Fuels, Oils, Distillation Products: The production of mineral fuels and refined petroleum products is concentrated in certain states. Texas: ExxonMobil, Chevron, Shell Louisiana: Marathon Petroleum, Valero Energy California: Chevron, Phillips 66 Other states with significant oil refining include Illinois, Pennsylvania, and Oklahoma.   Inorganic Chemicals, Precious Metal Compound, Isotope: The chemical manufacturing industry is widespread in the US.   Texas: Dow Chemical, BASF, LyondellBasell Louisiana: Westlake Chemical, Formosa Plastics Michigan: Dow Chemical, Wacker Chemical New Jersey: Numerous pharmaceutical and specialty chemical manufacturers (e.g., Merck, Johnson & Johnson) that also produce inorganic chemicals and compounds. States with significant chemical manufacturing also include Ohio, Pennsylvania, and North Carolina. Vehicles other than railway, tramway: The automotive industry has a strong presence in several states.   Michigan: Ford, General Motors, Stellantis Ohio: Honda, Stellantis, Ford Indiana: Subaru, Toyota Kentucky: Toyota, Ford Alabama: Mercedes-Benz, Hyundai, Honda South Carolina: BMW, Volvo, Mercedes-Benz vans   Tennessee: Nissan, Volkswagen California is a significant hub for electric vehicle manufacturing (Tesla). It's important to note that while these states have the capability to manufacture similar types of goods, the specific kinds, quantities, and specialization may differ from the products imported from Georgia. Global supply chains also mean that components might be sourced from various locations, even if the final assembly occurs in the US.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

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Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

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theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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