2023
Exports
$37.9kWorld Rnk 126 / 215
Flag Rnk 713 / 991
2023
PRODUCT COMPLEXITY IN Bi-Wheel Vehicle Parts
0.78Rnk 258 / 1025
2023
Imports
$945kWorld Rnk 160 / 224
Flag Rnk 651 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $37.9k in Bi-Wheel Vehicle Parts, making it the 126th largest exporter of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 713th most exported product in Georgia. The main destination of Bi-Wheel Vehicle Parts exports from Georgia are: United States ($12k), Kazakhstan ($9.46k), Azerbaijan ($6.42k), Armenia ($5k), and United Kingdom ($1.36k).

The fastest growing export markets for Bi-Wheel Vehicle Parts of Georgia between 2022 and 2023 were United States ($12k), Armenia ($1.48k), and United Kingdom ($1.36k).

Imports In 2023, Georgia imported $945k in Bi-Wheel Vehicle Parts, becoming the 160th largest importer of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 651st most imported product in Georgia. Georgia imports Bi-Wheel Vehicle Parts primarily from: China ($215k), India ($100k), Chinese Taipei ($75.9k), Turkey ($73k), and United Arab Emirates ($67.1k).

The fastest growing import markets in Bi-Wheel Vehicle Parts for Georgia between 2022 and 2023 were Sweden ($58.2k), Chinese Taipei ($55.4k), and United Arab Emirates ($32.7k).

COMPANIES In 2024, leading companies such as Danfoss (2) were at the forefront of shipping Bi-Wheel Vehicle Parts from Georgia to the United States.

Latest Trends

Dec 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 Bi-Wheel Vehicle Parts. 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 (2023)$37.9k
IMPORTS (2023)$945k
NET TRADE (2023)-$907k

In 2023, Georgia exported $37.9k in Bi-Wheel Vehicle Parts. The main destinations of Georgia exports on Bi-Wheel Vehicle Parts were United States ($12k), Kazakhstan ($9.46k), Azerbaijan ($6.42k), Armenia ($5k), and United Kingdom ($1.36k).

In 2023, Georgia imported $945k in Bi-Wheel Vehicle Parts, mainly from China ($215k), India ($100k), Chinese Taipei ($75.9k), Turkey ($73k), and United Arab Emirates ($67.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bi-Wheel Vehicle Parts EXPORT MARKETS FOR Georgia WERE (2022 - 2023):
United States$12k (1%)
Armenia$1.48k (42.1%)
United Kingdom$1.36k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bi-Wheel Vehicle Parts BY Georgia WERE (2022 - 2023):
Ukraine-$23.8k (-99.6%)
Kazakhstan-$15.2k (-61.7%)
Azerbaijan-$2.75k (-30%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Georgia's main exporting competitors in Bi-Wheel Vehicle Parts were:
In 2023, Georgia's main importing competitors in Bi-Wheel Vehicle Parts were:

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Trade Value of Bi-Wheel Vehicle Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $6.37k
TOP IMPORT POTENTIALChina+ $645k

Bi-Wheel Vehicle Parts’s highest export potential is France. With an export gap of $6.37k.   Bi-Wheel Vehicle Parts’s highest import potential is China with an import gap of $645k.

See methodology.

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