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

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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.

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.

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, 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 2018 to $57.7M in 2023.

In 2018, 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 2023 to $1.37M in 2018.

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

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

Latest Data

Trade between Vietnam () and Georgia ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Georgia
Top DestinationAzerbaijan$828M

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

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

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

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

Comparative Advantage Vietnam - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, 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).

During 2018, Georgia had a large net trade with Vietnam in the exports of Chemical Products ($711k), Animal Products ($369k), and Plastics and Rubbers ($106k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Georgia+$6.54kTelephones

Top Product Potential Georgia Vietnam+N/AN/A

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Vietnam () and Georgia ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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