2022
Exports
$9.09MWorld Rnk 74 / 216
Flag Rnk 82 / 996
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$37.4MWorld Rnk 107 / 225
Flag Rnk 82 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $9.09M in Machinery Having Individual Functions, making it the 74th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 82nd most exported product in Georgia. The main destination of Machinery Having Individual Functions exports from Georgia are: Armenia ($4.12M), Ukraine ($1.89M), Azerbaijan ($1.29M), Turkey ($427k), and Turkmenistan ($305k).

The fastest growing export markets for Machinery Having Individual Functions of Georgia between 2021 and 2022 were Armenia ($2.17M), Ukraine ($1.88M), and Azerbaijan ($960k).

Imports In 2022, Georgia imported $37.4M in Machinery Having Individual Functions, becoming the 107th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 82nd most imported product in Georgia. Georgia imports Machinery Having Individual Functions primarily from: Turkey ($9.9M), China ($8.15M), Germany ($6.43M), Italy ($2.46M), and Hong Kong ($1.49M).

The fastest growing import markets in Machinery Having Individual Functions for Georgia between 2021 and 2022 were Turkey ($4.85M), Germany ($3.59M), and China ($2.65M).

COMPANIES In 2023, leading companies such as Marelli Automotive Lighting (1) were at the forefront of shipping Machinery Having Individual Functions from Georgia to the United States.

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 Machinery Having Individual Functions. 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)$9.09M
IMPORTS (2022)$37.4M
NET TRADE (2022)-$28.3M

In 2022, Georgia exported $9.09M in Machinery Having Individual Functions. The main destinations of Georgia exports on Machinery Having Individual Functions were Armenia ($4.12M), Ukraine ($1.89M), Azerbaijan ($1.29M), Turkey ($427k), and Turkmenistan ($305k).

In 2022, Georgia imported $37.4M in Machinery Having Individual Functions, mainly from Turkey ($9.9M), China ($8.15M), Germany ($6.43M), Italy ($2.46M), and Hong Kong ($1.49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$2.17M (111%)
Ukraine$1.88M (27.5k%)
Azerbaijan$960k (292%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Georgia WERE (2021 - 2022):
Chinese Taipei-$69.5k (-78.1%)
Singapore-$48k (-75.3%)
Belarus-$43.3k (-92.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Georgia's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $429k
TOP IMPORT POTENTIALGermany+ $2.99M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $429k.   Machinery Having Individual Functions’s highest import potential is Germany with an import gap of $2.99M.

See methodology.

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