2022
Exports
$3.94MWorld Rnk 64 / 208
Flag Rnk 143 / 996
2022
PRODUCT COMPLEXITY IN Video Recording Equipment
0.68Rnk 285 / 1025
2022
Imports
$14.6MWorld Rnk 90 / 221
Flag Rnk 186 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $3.94M in Video Recording Equipment, making it the 64th largest exporter of Video Recording Equipment in the world. At the same year, Video Recording Equipment was the 143rd most exported product in Georgia. The main destination of Video Recording Equipment exports from Georgia are: Israel ($2.04M), Armenia ($829k), Singapore ($584k), Czechia ($101k), and Poland ($89.3k).

The fastest growing export markets for Video Recording Equipment of Georgia between 2021 and 2022 were Armenia ($720k), Singapore ($578k), and Czechia ($100k).

Imports In 2022, Georgia imported $14.6M in Video Recording Equipment, becoming the 90th largest importer of Video Recording Equipment in the world. At the same year, Video Recording Equipment was the 186th most imported product in Georgia. Georgia imports Video Recording Equipment primarily from: China ($4.89M), Hong Kong ($1.47M), Netherlands ($1.25M), Latvia ($1.16M), and Turkey ($1.05M).

The fastest growing import markets in Video Recording Equipment for Georgia between 2021 and 2022 were China ($848k), Hong Kong ($724k), and Turkey ($577k).

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 Video Recording Equipment. 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)$3.94M
IMPORTS (2022)$14.6M
NET TRADE (2022)-$10.7M

In 2022, Georgia exported $3.94M in Video Recording Equipment. The main destinations of Georgia exports on Video Recording Equipment were Israel ($2.04M), Armenia ($829k), Singapore ($584k), Czechia ($101k), and Poland ($89.3k).

In 2022, Georgia imported $14.6M in Video Recording Equipment, mainly from China ($4.89M), Hong Kong ($1.47M), Netherlands ($1.25M), Latvia ($1.16M), and Turkey ($1.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Video Recording Equipment EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$720k (665%)
Singapore$578k (10.3k%)
Czechia$100k (17.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Video Recording Equipment BY Georgia WERE (2021 - 2022):
Israel-$513k (-20.1%)
Ukraine-$214k (-100%)
Germany-$90.3k (-99.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Video Recording Equipment were:
China $15.6B
Vietnam $5.46B
Germany $3.06B
In 2022, Georgia's main importing competitors in Video Recording Equipment were:

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Trade Value of Video Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $1.86k
TOP IMPORT POTENTIALChina+ $370k

Video Recording Equipment’s highest export potential is United Kingdom. With an export gap of $1.86k.   Video Recording Equipment’s highest import potential is China with an import gap of $370k.

See methodology.

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