2022
Exports
$29.6kWorld Rnk 105 / 126
Flag Rnk 719 / 996
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$15.6MWorld Rnk 95 / 210
Flag Rnk 173 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $29.6k in Hot-Rolled Iron Bars, making it the 105th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 719th most exported product in Georgia. The main destination of Hot-Rolled Iron Bars exports from Georgia are: Bulgaria ($29.5k) and Greece ($53).

The fastest growing export markets for Hot-Rolled Iron Bars of Georgia between 2021 and 2022 were Bulgaria ($29.5k) and Greece ($53).

Imports In 2022, Georgia imported $15.6M in Hot-Rolled Iron Bars, becoming the 95th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 173rd most imported product in Georgia. Georgia imports Hot-Rolled Iron Bars primarily from: N/A.

The fastest growing import markets in Hot-Rolled Iron Bars for Georgia between 2021 and 2022 were Russia ($4.16M), Turkey ($298k), and Iran ($226k).

Latest Trends

Jul 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 Hot-Rolled Iron Bars. 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)$29.6k
IMPORTS (2022)$15.6M
NET TRADE (2022)-$15.6M

In 2022, Georgia exported $29.6k in Hot-Rolled Iron Bars. The main destinations of Georgia exports on Hot-Rolled Iron Bars were Bulgaria ($29.5k) and Greece ($53).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Bulgaria$29.5k (1%)
Greece$53 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Georgia WERE (2021 - 2022):Azerbaijan-$9.75k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Georgia's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBulgaria+ $4.59k
TOP IMPORT POTENTIALTurkey+ $207k

Hot-Rolled Iron Bars’s highest export potential is Bulgaria. With an export gap of $4.59k.   Hot-Rolled Iron Bars’s highest import potential is Turkey with an import gap of $207k.

See methodology.

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