2022
Exports
$115kWorld Rnk 84 / 157
Flag Rnk 572 / 996
2022
PRODUCT COMPLEXITY IN Silicone
1.72Rnk 20 / 1025
2022
Imports
$3.24MWorld Rnk 91 / 215
Flag Rnk 431 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $115k in Silicone, making it the 84th largest exporter of Silicone in the world. At the same year, Silicone was the 572nd most exported product in Georgia. The main destination of Silicone exports from Georgia are: Russia ($57.4k), Sri Lanka ($21.4k), Armenia ($17.3k), Spain ($10.9k), and Czechia ($3.33k).

The fastest growing export markets for Silicone of Georgia between 2021 and 2022 were Russia ($57.4k), Armenia ($8.62k), and Czechia ($3.33k).

Imports In 2022, Georgia imported $3.24M in Silicone, becoming the 91st largest importer of Silicone in the world. At the same year, Silicone was the 431st most imported product in Georgia. Georgia imports Silicone primarily from: China ($1.77M), Turkey ($662k), Lithuania ($280k), Italy ($136k), and Czechia ($123k).

The fastest growing import markets in Silicone for Georgia between 2021 and 2022 were China ($644k), Turkey ($434k), and Lithuania ($189k).

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 Silicone. 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)$115k
IMPORTS (2022)$3.24M
NET TRADE (2022)-$3.13M

In 2022, Georgia exported $115k in Silicone. The main destinations of Georgia exports on Silicone were Russia ($57.4k), Sri Lanka ($21.4k), Armenia ($17.3k), Spain ($10.9k), and Czechia ($3.33k).

In 2022, Georgia imported $3.24M in Silicone, mainly from China ($1.77M), Turkey ($662k), Lithuania ($280k), Italy ($136k), and Czechia ($123k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Russia$57.4k (1%)
Armenia$8.62k (99.8%)
Czechia$3.33k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Georgia WERE (2021 - 2022):
Sri Lanka-$87.8k (-80.4%)
Iran-$4.39k (-100%)
Malaysia-$1.68k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $7.38k
TOP IMPORT POTENTIALChina+ $456k

Silicone’s highest export potential is Spain. With an export gap of $7.38k.   Silicone’s highest import potential is China with an import gap of $456k.

See methodology.

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