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

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Georgia-Thailand Trade: In 2023, Georgia exported $1.86M to Thailand. The main products that Georgia exported to Thailand were Knit T-shirts ($962k), Vegetable Alkaloids ($270k), and Medical Instruments ($124k). Over the past 5 years the exports of Georgia to Thailand have decreased at an annualized rate of 7.24%, from $2.71M in 2018 to $1.86M in 2023.

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

Thailand-Georgia Trade: In 2023, Thailand exported $39.9M to Georgia. The main products that Thailand exported to Georgia were Delivery Trucks ($5.88M), Refrigerators ($5.49M), and Other Electrical Machinery ($4.07M). Over the past 5 years the exports of Thailand to Georgia have increased at an annualized rate of 10.3%, from $24.4M in 2018 to $39.9M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $1.86M to Thailand. The main products exported from Georgia to Thailand were Knit T-shirts ($962k), Vegetable Alkaloids ($270k), and Medical Instruments ($124k). During the last 5 years the exports of Georgia to Thailand have decreased at an annualized rate of 7.24%, from $2.71M in 2018 to $1.86M in 2023.

In 2018, Thailand exported $39.9M to Georgia. The main products exported from Thailand to Georgia were Delivery Trucks ($5.88M), Refrigerators ($5.49M), and Other Electrical Machinery ($4.07M). During the last 5 years the exports of Thailand to Georgia have increased at an annualized rate of 10.3%, from $24.4M in 2023 to $39.9M in 2018.

Exports from Georgia () to Thailand () (2023)

Exports from Thailand () to Georgia () (2023)

Latest Data

Trade between Georgia () and Thailand ()

Georgia Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Georgia than Thailand included Azerbaijan ($828M), Armenia ($712M), and Kyrgyzstan ($519M).

In 2023, countries that imported more from Thailand than Georgia included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Georgia - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Thailand in the exports of Textiles ($1.01M), Chemical Products ($293k), and Metals ($210k).

During 2018, Thailand had a large net trade with Georgia in the exports of Machines ($12.9M), Transportation ($7.15M), and Plastics and Rubbers ($6.36M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Top Product Potential Thailand Georgia+$11.4MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Thailand () (2023)

Exports from Thailand () to Georgia () (2023)

Latest Data

Trade between Georgia () and Thailand ()

Georgia Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Georgia - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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