2022
Exports
$701kWorld Rnk 89 / 218
Flag Rnk 344 / 996
2022
PRODUCT COMPLEXITY IN Electrical Power Accessories
0.91Rnk 204 / 1025
2022
Imports
$7.34MWorld Rnk 113 / 225
Flag Rnk 280 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $701k in Electrical Power Accessories, making it the 89th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 344th most exported product in Georgia. The main destination of Electrical Power Accessories exports from Georgia are: Armenia ($327k), United States ($149k), Germany ($109k), Mexico ($15.8k), and Lithuania ($14.5k).

The fastest growing export markets for Electrical Power Accessories of Georgia between 2021 and 2022 were Armenia ($303k), Germany ($91.3k), and Mexico ($15.8k).

Imports In 2022, Georgia imported $7.34M in Electrical Power Accessories, becoming the 113th largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 280th most imported product in Georgia. Georgia imports Electrical Power Accessories primarily from: Turkey ($2.21M), China ($1.75M), Czechia ($755k), Germany ($481k), and Italy ($472k).

The fastest growing import markets in Electrical Power Accessories for Georgia between 2021 and 2022 were China ($1.17M), Czechia ($638k), and Turkey ($485k).

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 Electrical Power Accessories. 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)$701k
IMPORTS (2022)$7.34M
NET TRADE (2022)-$6.64M

In 2022, Georgia exported $701k in Electrical Power Accessories. The main destinations of Georgia exports on Electrical Power Accessories were Armenia ($327k), United States ($149k), Germany ($109k), Mexico ($15.8k), and Lithuania ($14.5k).

In 2022, Georgia imported $7.34M in Electrical Power Accessories, mainly from Turkey ($2.21M), China ($1.75M), Czechia ($755k), Germany ($481k), and Italy ($472k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$303k (1.25k%)
Germany$91.3k (504%)
Mexico$15.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY Georgia WERE (2021 - 2022):
Belarus-$62.5k (-86%)
Malaysia-$45k (-100%)
Moldova-$11.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Electrical Power Accessories were:
In 2022, Georgia's main importing competitors in Electrical Power Accessories were:

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $368k
TOP IMPORT POTENTIALChina+ $1.12M

Electrical Power Accessories’s highest export potential is United States. With an export gap of $368k.   Electrical Power Accessories’s highest import potential is China with an import gap of $1.12M.

See methodology.

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