Georgia (GEO) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Georgia-Singapore Trade: In 2023, Georgia exported $12.7M to Singapore. The main products that Georgia exported to Singapore were Hard Liquor ($6.71M), Medical Instruments ($1.11M), and Liquid Pumps ($724k). Over the past 5 years the exports of Georgia to Singapore have decreased at an annualized rate of 2.98%, from $14.8M in 2018 to $12.7M in 2023.

In 2023, Georgia did not export any services to Singapore.

Singapore-Georgia Trade: In 2023, Singapore exported $25.6M to Georgia. The main products that Singapore exported to Georgia were Air Conditioners ($8.16M), Other Large Iron Pipes ($2.33M), and Computers ($1.9M). Over the past 5 years the exports of Singapore to Georgia have increased at an annualized rate of 0.98%, from $24.4M in 2018 to $25.6M in 2023.

In 2023, Singapore did not export any services to Georgia.

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $12.7M to Singapore. The main products exported from Georgia to Singapore were Hard Liquor ($6.71M), Medical Instruments ($1.11M), and Liquid Pumps ($724k). During the last 5 years the exports of Georgia to Singapore have decreased at an annualized rate of 2.98%, from $14.8M in 2018 to $12.7M in 2023.

In 2018, Singapore exported $25.6M to Georgia. The main products exported from Singapore to Georgia were Air Conditioners ($8.16M), Other Large Iron Pipes ($2.33M), and Computers ($1.9M). During the last 5 years the exports of Singapore to Georgia have increased at an annualized rate of 0.98%, from $24.4M in 2023 to $25.6M in 2018.

Exports from Georgia () to Singapore () (2023)

Exports from Singapore () to Georgia () (2023)

Latest Data

Trade between Georgia () and Singapore ()

Georgia Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Georgia than Singapore included Azerbaijan ($828M), Armenia ($712M), and Russia ($657M).

In 2023, countries that imported more from Singapore than Georgia included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

Difference in imports from Singapore () and Georgia () (2023)

Comparative Advantage Georgia - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Singapore in the exports of Foodstuffs ($7.48M), Chemical Products ($1.62M), and Instruments ($1.23M).

During 2018, Singapore had a large net trade with Georgia in the exports of Machines ($17.4M), Metals ($3.01M), and Chemical Products ($2.18M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Singapore+$557kBeauty Products

Top Product Potential Singapore Georgia+$582kPackaged Medicaments

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 Singapore. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Georgia.

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Singapore () (2023)

Exports from Singapore () to Georgia () (2023)

Latest Data

Trade between Georgia () and Singapore ()

Georgia Exports

Singapore Exports

Market Competitiveness

Difference in imports from Singapore () and Georgia () (2023)

Comparative Advantage Georgia - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Singapore () (2023)

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