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

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $25.6M in 2023.

In 2018, 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 2023 to $12.7M in 2018.

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

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

Latest Data

Trade between Singapore () and Georgia ()

Singapore Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Georgia
Top DestinationAzerbaijan$828M

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

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

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

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

Comparative Advantage Singapore - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Georgia in the exports of Machines ($17.4M), Metals ($3.01M), and Chemical Products ($2.18M).

During 2018, Georgia had a large net trade with Singapore in the exports of Foodstuffs ($7.48M), Chemical Products ($1.62M), and Instruments ($1.23M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Georgia+$582kPackaged Medicaments

Top Product Potential Georgia Singapore+$557kBeauty Products

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Singapore () and Georgia ()

Singapore Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Singapore - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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