Thailand (THA) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Thailand-Georgia Trade: In 2022, Thailand exported $31.7M to Georgia. The main products that Thailand exported to Georgia were Refrigerators ($6.22M), Delivery Trucks ($4.81M), and Rice ($3M). Over the past 5 years the exports of Thailand to Georgia have decreased at an annualized rate of 1.71%, from $34.6M in 2017 to $31.7M in 2022.

In 2022, Thailand did not export any services to Georgia.

Georgia-Thailand Trade: In 2022, Georgia exported $1.7M to Thailand. The main products that Georgia exported to Thailand were Knit T-shirts ($605k), Nitrogen Heterocyclic Compounds ($592k), and Cars ($117k). Over the past 5 years the exports of Georgia to Thailand have decreased at an annualized rate of 1.55%, from $1.84M in 2017 to $1.7M in 2022.

In 2022, Georgia did not export any services to Thailand.

Comparison: In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $31.7M to Georgia. The main products exported from Thailand to Georgia were Refrigerators ($6.22M), Delivery Trucks ($4.81M), and Rice ($3M). During the last 5 years the exports of Thailand to Georgia have decreased at an annualized rate of 1.71%, from $34.6M in 2017 to $31.7M in 2022.

In 2017, Georgia exported $1.7M to Thailand. The main products exported from Georgia to Thailand were Knit T-shirts ($605k), Nitrogen Heterocyclic Compounds ($592k), and Cars ($117k). During the last 5 years the exports of Georgia to Thailand have decreased at an annualized rate of 1.55%, from $1.84M in 2022 to $1.7M in 2017.

Exports from Thailand () to Georgia () (2022)

Exports from Georgia () to Thailand () (2022)

Latest Data

Trade between Thailand () and Georgia ()

Thailand Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Georgia
Top DestinationChina$759M

This map shows whether countries import more from Thailand or Georgia. Each country is colored based on the difference in imports they receive from Thailand and Georgia or the difference in the growth in imports.

In 2022, countries that imported more from Thailand than Georgia included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Georgia than Thailand included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

Difference in imports from Georgia () and Thailand () (2022)

Comparative Advantage Thailand - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Thailand and Georgia by product, considering products traded by both, Thailand and Georgia.

During 2022, Thailand had a large net trade with Georgia in the exports of Machines ($10.8M), Transportation ($6.11M), and Plastics and Rubbers ($3.95M).

During 2017, Georgia had a large net trade with Thailand in the exports of Textiles ($656k), Chemical Products ($611k), and Machines ($197k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Georgia+$11.4MCars

Top Product Potential Georgia Thailand+$576kKnit T-shirts

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Thailand and Georgia. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Thailand.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Georgia () (2022)

Exports from Georgia () to Thailand () (2022)

Latest Data

Trade between Thailand () and Georgia ()

Thailand Exports

Georgia Exports

Market Competitiveness

Difference in imports from Georgia () and Thailand () (2022)

Comparative Advantage Thailand - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Georgia () (2022)

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