2022
Exports
$4.75MWorld Rnk 43 / 124
Flag Rnk 123 / 996
2022
PRODUCT COMPLEXITY IN Central Heating Boilers
0.63Rnk 301 / 1025
2022
Imports
$23.9MWorld Rnk 39 / 192
Flag Rnk 130 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $4.75M in Central Heating Boilers, making it the 43rd largest exporter of Central Heating Boilers in the world. At the same year, Central Heating Boilers was the 123rd most exported product in Georgia. The main destination of Central Heating Boilers exports from Georgia are: Armenia ($2.26M), China ($1.91M), Azerbaijan ($367k), Kazakhstan ($209k), and Turkey ($2.33k).

The fastest growing export markets for Central Heating Boilers of Georgia between 2021 and 2022 were Armenia ($1.73M), Kazakhstan ($209k), and Turkey ($2.33k).

Imports In 2022, Georgia imported $23.9M in Central Heating Boilers, becoming the 39th largest importer of Central Heating Boilers in the world. At the same year, Central Heating Boilers was the 130th most imported product in Georgia. Georgia imports Central Heating Boilers primarily from: Turkey ($12.1M), Italy ($7.59M), Germany ($1.66M), Poland ($764k), and China ($739k).

The fastest growing import markets in Central Heating Boilers for Georgia between 2021 and 2022 were Turkey ($939k), Italy ($327k), and Russia ($322k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Central Heating Boilers. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.75M
IMPORTS (2022)$23.9M
NET TRADE (2022)-$19.2M

In 2022, Georgia exported $4.75M in Central Heating Boilers. The main destinations of Georgia exports on Central Heating Boilers were Armenia ($2.26M), China ($1.91M), Azerbaijan ($367k), Kazakhstan ($209k), and Turkey ($2.33k).

In 2022, Georgia imported $23.9M in Central Heating Boilers, mainly from Turkey ($12.1M), Italy ($7.59M), Germany ($1.66M), Poland ($764k), and China ($739k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Central Heating Boilers EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$1.73M (328%)
Kazakhstan$209k (1%)
Turkey$2.33k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Central Heating Boilers BY Georgia WERE (2021 - 2022):
China-$1.63M (-46.1%)
Azerbaijan-$120k (-24.7%)
Canada-$102k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Central Heating Boilers were:
Germany $1.38B
Austria $1.26B
Italy $1.03B
In 2022, Georgia's main importing competitors in Central Heating Boilers were:
Germany $1.74B
Italy $636M

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Trade Value of Central Heating Boilers by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $5.14k
TOP IMPORT POTENTIALGermany+ $740k

Central Heating Boilers’s highest export potential is Turkey. With an export gap of $5.14k.   Central Heating Boilers’s highest import potential is Germany with an import gap of $740k.

See methodology.

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