2022
Exports
$35.3kWorld Rnk 105 / 171
Flag Rnk 702 / 996
2022
PRODUCT COMPLEXITY IN Iron Nails
-0.5Rnk 699 / 1025
2022
Imports
$3.03MWorld Rnk 119 / 220
Flag Rnk 443 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $35.3k in Iron Nails, making it the 105th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 702nd most exported product in Georgia. The main destination of Iron Nails exports from Georgia are: Armenia ($23.5k), Germany ($6.75k), Fiji ($2.31k), Poland ($1.82k), and Kazakhstan ($378).

The fastest growing export markets for Iron Nails of Georgia between 2021 and 2022 were Germany ($6.74k), Fiji ($2.31k), and Armenia ($1.23k).

Imports In 2022, Georgia imported $3.03M in Iron Nails, becoming the 119th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 443rd most imported product in Georgia. Georgia imports Iron Nails primarily from: Turkey ($1.21M), Iran ($1.04M), China ($541k), Russia ($120k), and Belarus ($21.3k).

The fastest growing import markets in Iron Nails for Georgia between 2021 and 2022 were Iran ($776k), China ($140k), and Russia ($108k).

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 Iron Nails. 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)$35.3k
IMPORTS (2022)$3.03M
NET TRADE (2022)-$3M

In 2022, Georgia exported $35.3k in Iron Nails. The main destinations of Georgia exports on Iron Nails were Armenia ($23.5k), Germany ($6.75k), Fiji ($2.31k), Poland ($1.82k), and Kazakhstan ($378).

In 2022, Georgia imported $3.03M in Iron Nails, mainly from Turkey ($1.21M), Iran ($1.04M), China ($541k), Russia ($120k), and Belarus ($21.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Germany$6.74k (74.9k%)
Fiji$2.31k (1%)
Armenia$1.23k (5.55%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Georgia WERE (2021 - 2022):
Azerbaijan-$29.4k (-99.2%)
Australia-$4.22k (-100%)
Kuwait-$1.87k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Iron Nails were:
In 2022, Georgia's main importing competitors in Iron Nails were:

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $29.7k
TOP IMPORT POTENTIALChina+ $373k

Iron Nails’s highest export potential is Germany. With an export gap of $29.7k.   Iron Nails’s highest import potential is China with an import gap of $373k.

See methodology.

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