2022
Flag  
GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
GDP PC 
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186

About

Thailand-Georgia Trade: In 2022, Thailand exported $31.7M to Georgia. The main products that Thailand exported to Georgia were Refrigerators ($6.22M), Delivery Trucks ($4.81M), and Rice ($3M). Over the past 5 years the exports of Thailand to Georgia have decreased at an annualized rate of 1.71%, from $34.6M in 2017 to $31.7M in 2022.

In 2022, Thailand did not export any services to Georgia.

Georgia-Thailand Trade: In 2022, Georgia exported $1.7M to Thailand. The main products that Georgia exported to Thailand were Knit T-shirts ($605k), Nitrogen Heterocyclic Compounds ($592k), and Cars ($117k). Over the past 5 years the exports of Georgia to Thailand have decreased at an annualized rate of 1.55%,  from $1.84M in 2017 to $1.7M in 2022.

In 2022, Georgia did not export any services to Thailand.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $31.7M to Georgia. The main products exported from Thailand to Georgia were Refrigerators ($6.22M), Delivery Trucks ($4.81M), and Rice ($3M). During the last 5 years the exports of Thailand to Georgia have decreased at an annualized rate of 1.71%, from $34.6M in 2017 to $31.7M in 2022.

In 2017, Georgia exported $1.7M to Thailand. The main products exported from Georgia to Thailand were Knit T-shirts ($605k), Nitrogen Heterocyclic Compounds ($592k), and Cars ($117k). During the last 5 years the exports of Georgia to Thailand have decreased at an annualized rate of 1.55%, from $1.84M in 2022 to $1.7M in 2017.

Exports from Thailand (Flag) to Georgia (Flag) (2022)

Exports from Georgia (Flag) to Thailand (Flag) (2022)

Latest Data

Trade between Thailand (Flag) and Georgia (Flag)

Thailand Exports

Georgia Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Georgia
Top Destination
China$759M

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

In 2022, countries that imported more from Thailand than Georgia included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Georgia than Thailand included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

Difference in imports from Georgia (Flag) and Thailand (Flag) (2022)

Comparative Advantage Thailand - Georgia

Flow
Scale

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

During 2022, Thailand had a large net trade with Georgia in the exports of Machines ($10.8M), Transportation ($6.11M), and Plastics and Rubbers ($3.95M).

During 2017, Georgia had a large net trade with Thailand in the exports of Textiles ($656k), Chemical Products ($611k), and Machines ($197k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Georgia+$11.4MCars
Top Product Potential Georgia Thailand+$576kKnit 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 Thailand and Georgia. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Thailand.

Product Space of Thailand (Flag) and Georgia (Flag) (2022)

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