2023
Flag  
GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH
75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
 GDP
$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH
192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC 
$8,284CURRENT US$
Rnk 94 / 195
2013-2023
Flag
GDP PC GROWTH
75.8%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC
$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH
166%CURRENT US$
Rnk 2 / 195

About

Georgia-Bangladesh Trade: In 2021, 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 2016 to $310k in 2021.

In 2021, Georgia did not export any services to Bangladesh.

Bangladesh-Georgia Trade: In 2021, 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 2016 to $3.72M in 2021.

In 2021, Bangladesh 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, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

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

In 2018, 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 2023 to $3.72M in 2018.

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

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

Latest Data

Trade between Georgia (Flag) and Bangladesh (Flag)

Georgia Exports

Market Competitiveness

Color
Georgia
Top Destination
Azerbaijan$828M
Bangladesh
Top Destination
United States$8.58B

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

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

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

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

Comparative Advantage Georgia - Bangladesh

Flow
Scale

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

During 2021, Georgia had a large net trade with Bangladesh in the exports of .

During 2018, Bangladesh had a large net trade with Georgia in the exports of Textiles ($2.49M), Chemical Products ($1.16M), and Foodstuffs ($20.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Bangladesh+$4.43kRefined Petroleum
Top Product Potential Bangladesh Georgia+$3.7kKnit T-shirts

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

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

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