2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Georgia-Singapore Trade: In 2022, Georgia exported $14.3M to Singapore. The main products that Georgia exported to Singapore were Hard Liquor ($8.18M), Medical Instruments ($1.56M), and Precious Metal Ore ($723k). Over the past 5 years the exports of Georgia to Singapore have decreased at an annualized rate of 5.23%, from $18.7M in 2017 to $14.3M in 2022.

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

Singapore-Georgia Trade: In 2022, Singapore exported $44.3M to Georgia. The main products that Singapore exported to Georgia were Hot-Rolled Iron ($10.2M), Computers ($9.88M), and Air Conditioners ($8.04M). Over the past 5 years the exports of Singapore to Georgia have increased at an annualized rate of 16.3%,  from $20.8M in 2017 to $44.3M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $14.3M to Singapore. The main products exported from Georgia to Singapore were Hard Liquor ($8.18M), Medical Instruments ($1.56M), and Precious Metal Ore ($723k). During the last 5 years the exports of Georgia to Singapore have decreased at an annualized rate of 5.23%, from $18.7M in 2017 to $14.3M in 2022.

In 2017, Singapore exported $44.3M to Georgia. The main products exported from Singapore to Georgia were Hot-Rolled Iron ($10.2M), Computers ($9.88M), and Air Conditioners ($8.04M). During the last 5 years the exports of Singapore to Georgia have increased at an annualized rate of 16.3%, from $20.8M in 2022 to $44.3M in 2017.

Exports from Georgia (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Georgia (Flag) (2022)

Latest Data

Trade between Georgia (Flag) and Singapore (Flag)

Georgia Exports

Singapore Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Singapore than Georgia included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Georgia (Flag) (2022)

Comparative Advantage Georgia - Singapore

Flow
Scale

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

During 2022, Georgia had a large net trade with Singapore in the exports of Foodstuffs ($8.7M), Instruments ($1.95M), and Machines ($1.18M).

During 2017, Singapore had a large net trade with Georgia in the exports of Machines ($26.3M), Metals ($10.5M), and Chemical Products ($3.17M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Georgia (Flag) and Singapore (Flag) (2022)

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