2022
Exports
$1.08MWorld Rnk 89 / 213
Flag Rnk 290 / 996
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$6.61MWorld Rnk 108 / 225
Flag Rnk 295 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $1.08M in Interchangeable Tool Parts, making it the 89th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 290th most exported product in Georgia. The main destination of Interchangeable Tool Parts exports from Georgia are: Azerbaijan ($453k), Armenia ($317k), Serbia ($99.7k), Turkey ($40.6k), and Iran ($26k).

The fastest growing export markets for Interchangeable Tool Parts of Georgia between 2021 and 2022 were Armenia ($284k), Serbia ($99.7k), and India ($19.8k).

Imports In 2022, Georgia imported $6.61M in Interchangeable Tool Parts, becoming the 108th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 295th most imported product in Georgia. Georgia imports Interchangeable Tool Parts primarily from: China ($2.52M), Turkey ($740k), Germany ($712k), Poland ($525k), and Russia ($483k).

The fastest growing import markets in Interchangeable Tool Parts for Georgia between 2021 and 2022 were China ($943k), Russia ($205k), and Germany ($131k).

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 Interchangeable Tool Parts. 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)$1.08M
IMPORTS (2022)$6.61M
NET TRADE (2022)-$5.52M

In 2022, Georgia exported $1.08M in Interchangeable Tool Parts. The main destinations of Georgia exports on Interchangeable Tool Parts were Azerbaijan ($453k), Armenia ($317k), Serbia ($99.7k), Turkey ($40.6k), and Iran ($26k).

In 2022, Georgia imported $6.61M in Interchangeable Tool Parts, mainly from China ($2.52M), Turkey ($740k), Germany ($712k), Poland ($525k), and Russia ($483k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$284k (862%)
Serbia$99.7k (1%)
India$19.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Georgia WERE (2021 - 2022):
Russia-$235k (-100%)
Iran-$111k (-81%)
Canada-$94.3k (-99.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Interchangeable Tool Parts were:
In 2022, Georgia's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $34.9k
TOP IMPORT POTENTIALChina+ $972k

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $34.9k.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $972k.

See methodology.

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