2022
Exports
$5.13MWorld Rnk 59 / 199
Flag Rnk 118 / 996
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$10.6MWorld Rnk 93 / 220
Flag Rnk 233 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $5.13M in Special Pharmaceuticals, making it the 59th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 118th most exported product in Georgia. The main destination of Special Pharmaceuticals exports from Georgia are: China ($1.36M), Poland ($496k), Argentina ($412k), Czechia ($335k), and Singapore ($291k).

The fastest growing export markets for Special Pharmaceuticals of Georgia between 2021 and 2022 were Poland ($442k), Singapore ($291k), and Czechia ($285k).

Imports In 2022, Georgia imported $10.6M in Special Pharmaceuticals, becoming the 93rd largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 233rd most imported product in Georgia. Georgia imports Special Pharmaceuticals primarily from: Germany ($4.17M), Belgium ($1.7M), Turkey ($983k), Japan ($583k), and Hungary ($401k).

The fastest growing import markets in Special Pharmaceuticals for Georgia between 2021 and 2022 were Belgium ($623k), Spain ($191k), and India ($142k).

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 Special Pharmaceuticals. 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)$5.13M
IMPORTS (2022)$10.6M
NET TRADE (2022)-$5.47M

In 2022, Georgia exported $5.13M in Special Pharmaceuticals. The main destinations of Georgia exports on Special Pharmaceuticals were China ($1.36M), Poland ($496k), Argentina ($412k), Czechia ($335k), and Singapore ($291k).

In 2022, Georgia imported $10.6M in Special Pharmaceuticals, mainly from Germany ($4.17M), Belgium ($1.7M), Turkey ($983k), Japan ($583k), and Hungary ($401k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Poland$442k (807%)
Singapore$291k (1%)
Czechia$285k (577%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Georgia WERE (2021 - 2022):
Saudi Arabia-$1.35M (-100%)
Bulgaria-$162k (-41.2%)
Turkey-$139k (-36.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $266k
TOP IMPORT POTENTIALGermany+ $527k

Special Pharmaceuticals’s highest export potential is Turkey. With an export gap of $266k.   Special Pharmaceuticals’s highest import potential is Germany with an import gap of $527k.

See methodology.

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