Georgia (GEO) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Georgia-Bangladesh Trade: In 2021, Georgia exported $310k to Bangladesh. The main products that Georgia exported to Bangladesh were N/A. Over the past 5 years the exports of Georgia to Bangladesh have increased at an annualized rate of 142%, from $3.75k in 2016 to $310k in 2021.

In 2021, Georgia did not export any services to Bangladesh.

Bangladesh-Georgia Trade: In 2021, Bangladesh exported $3.5M to Georgia. The main products that Bangladesh exported to Georgia were Packaged Medicaments ($860k), Knit T-shirts ($522k), and Knit Sweaters ($237k). Over the past 5 years the exports of Bangladesh to Georgia have increased at an annualized rate of 16.7%, from $1.62M in 2016 to $3.5M in 2021.

In 2021, Bangladesh did not export any services to Georgia.

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Georgia exported $310k to Bangladesh. There were not main exports from Georgia to Bangladesh in 2021. During the last 5 years the exports of Georgia to Bangladesh have increased at an annualized rate of 142%, from $3.75k in 2016 to $310k in 2021.

In 2017, Bangladesh exported $3.5M to Georgia. The main products exported from Bangladesh to Georgia were Packaged Medicaments ($860k), Knit T-shirts ($522k), and Knit Sweaters ($237k). During the last 5 years the exports of Bangladesh to Georgia have increased at an annualized rate of 16.7%, from $1.62M in 2022 to $3.5M in 2017.

Exports from Georgia () to Bangladesh () (2022)

Exports from Bangladesh () to Georgia () (2022)

Latest Data

Trade between Georgia () and Bangladesh ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Georgia than Bangladesh included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

In 2022, countries that imported more from Bangladesh than Georgia included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

Comparative Advantage Georgia - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Georgia had a large net trade with Bangladesh in the exports of .

During 2017, Bangladesh had a large net trade with Georgia in the exports of Textiles ($2.16M), Chemical Products ($860k), and Foodstuffs ($210k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Bangladesh+$4.43kRefined Petroleum

Top Product Potential Bangladesh Georgia+$3.7kKnit 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 Georgia and Bangladesh. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Georgia.

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Bangladesh () (2022)

Exports from Bangladesh () to Georgia () (2022)

Latest Data

Trade between Georgia () and Bangladesh ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Georgia - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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