2022
Exports
$605kWorld Rnk 67 / 202
Flag Rnk 364 / 996
2022
PRODUCT COMPLEXITY IN Rubber Belting
0.48Rnk 373 / 1025
2022
Imports
$6.54MWorld Rnk 98 / 224
Flag Rnk 299 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $605k in Rubber Belting, making it the 67th largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 364th most exported product in Georgia. The main destination of Rubber Belting exports from Georgia are: Armenia ($140k), United Arab Emirates ($109k), Belarus ($88.5k), China ($67.1k), and Azerbaijan ($45.6k).

The fastest growing export markets for Rubber Belting of Georgia between 2021 and 2022 were United Arab Emirates ($87.5k), Armenia ($76.4k), and China ($50.7k).

Imports In 2022, Georgia imported $6.54M in Rubber Belting, becoming the 98th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 299th most imported product in Georgia. Georgia imports Rubber Belting primarily from: China ($2.78M), Turkey ($1.48M), Germany ($573k), Italy ($400k), and India ($344k).

The fastest growing import markets in Rubber Belting for Georgia between 2021 and 2022 were China ($1.57M), Turkey ($678k), and India ($338k).

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 Rubber Belting. 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)$605k
IMPORTS (2022)$6.54M
NET TRADE (2022)-$5.94M

In 2022, Georgia exported $605k in Rubber Belting. The main destinations of Georgia exports on Rubber Belting were Armenia ($140k), United Arab Emirates ($109k), Belarus ($88.5k), China ($67.1k), and Azerbaijan ($45.6k).

In 2022, Georgia imported $6.54M in Rubber Belting, mainly from China ($2.78M), Turkey ($1.48M), Germany ($573k), Italy ($400k), and India ($344k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$76.4k (119%)
China$50.7k (309%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Georgia WERE (2021 - 2022):
Belarus-$211k (-70.4%)
Turkey-$35.2k (-64.2%)
Niger-$14.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Rubber Belting were:
In 2022, Georgia's main importing competitors in Rubber Belting were:

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23k
TOP IMPORT POTENTIALChina+ $642k

Rubber Belting’s highest export potential is United States. With an export gap of $23k.   Rubber Belting’s highest import potential is China with an import gap of $642k.

See methodology.

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