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

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Bangladesh-Georgia Trade: In 2023, Bangladesh exported $3.72M to Georgia. The main products that Bangladesh exported to Georgia were Packaged Medicaments ($1.14M), Knit T-shirts ($479k), and Knit Sweaters ($291k). Over the past 5 years the exports of Bangladesh to Georgia have increased at an annualized rate of 18.6%, from $1.58M in 2018 to $3.72M in 2023.

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

Georgia-Bangladesh Trade: In 2023, 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 2018 to $310k in 2023.

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

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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, Bangladesh exported $3.72M to Georgia. The main products exported from Bangladesh to Georgia were Packaged Medicaments ($1.14M), Knit T-shirts ($479k), and Knit Sweaters ($291k). During the last 5 years the exports of Bangladesh to Georgia have increased at an annualized rate of 18.6%, from $1.58M in 2018 to $3.72M in 2023.

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

Exports from Bangladesh () to Georgia () (2023)

Exports from Georgia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Georgia ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from Bangladesh than Georgia included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

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

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

Comparative Advantage Bangladesh - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Georgia in the exports of Textiles ($2.49M), Chemical Products ($1.16M), and Foodstuffs ($20.1k).

During 2016, Georgia had a large net trade with Bangladesh in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Georgia+$3.7kKnit T-shirts

Top Product Potential Georgia Bangladesh+$4.43kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Georgia () (2023)

Exports from Georgia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Georgia ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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