Georgia (GEO) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

About

Georgia-Vietnam Trade: In 2023, Georgia exported $1.37M to Vietnam. The main products that Georgia exported to Vietnam were Beauty Products ($698k), Animal Organs ($368k), and Polyacetals ($106k). Over the past 5 years the exports of Georgia to Vietnam have decreased at an annualized rate of 24.8%, from $5.69M in 2018 to $1.37M in 2023.

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

Vietnam-Georgia Trade: In 2023, Vietnam exported $57.7M to Georgia. The main products that Vietnam exported to Georgia were Broadcasting Equipment ($22.9M), Video Displays ($13.1M), and Coffee ($2.36M). Over the past 5 years the exports of Vietnam to Georgia have increased at an annualized rate of 45.1%, from $8.98M in 2018 to $57.7M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $1.37M to Vietnam. The main products exported from Georgia to Vietnam were Beauty Products ($698k), Animal Organs ($368k), and Polyacetals ($106k). During the last 5 years the exports of Georgia to Vietnam have decreased at an annualized rate of 24.8%, from $5.69M in 2018 to $1.37M in 2023.

In 2018, Vietnam exported $57.7M to Georgia. The main products exported from Vietnam to Georgia were Broadcasting Equipment ($22.9M), Video Displays ($13.1M), and Coffee ($2.36M). During the last 5 years the exports of Vietnam to Georgia have increased at an annualized rate of 45.1%, from $8.98M in 2023 to $57.7M in 2018.

Exports from Georgia () to Vietnam () (2023)

Exports from Vietnam () to Georgia () (2023)

Latest Data

Trade between Georgia () and Vietnam ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Georgia than Vietnam included Azerbaijan ($828M), Russia ($657M), and Kyrgyzstan ($519M).

In 2023, countries that imported more from Vietnam than Georgia included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Georgia - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Vietnam in the exports of Chemical Products ($711k), Animal Products ($369k), and Plastics and Rubbers ($106k).

During 2018, Vietnam had a large net trade with Georgia in the exports of Machines ($45.3M), Vegetable Products ($4.84M), and Plastics and Rubbers ($1.86M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Vietnam+$4.18kRefined Petroleum

Top Product Potential Vietnam Georgia+$6.54kTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Georgia and Vietnam. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Georgia.

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Vietnam () (2023)

Exports from Vietnam () to Georgia () (2023)

Latest Data

Trade between Georgia () and Vietnam ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Georgia - Vietnam

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring