2023
Exports
$525MWorld Rnk 22 / 111
Flag Rnk 2 / 991
2023
PRODUCT COMPLEXITY IN Copper Ore
-1.95Rnk 994 / 1025
2023
Imports
$226MWorld Rnk 19 / 102
Flag Rnk 6 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $525M in Copper Ore, making it the 22nd largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 2nd most exported product in Georgia. The main destination of Copper Ore exports from Georgia are: Bulgaria ($281M), China ($179M), Spain ($56.5M), United Arab Emirates ($5M), and Malaysia ($3.77M).

The fastest growing export markets for Copper Ore of Georgia between 2022 and 2023 were Spain ($19.8M), United Arab Emirates ($5M), and Malaysia ($3.77M).

Imports In 2023, Georgia imported $226M in Copper Ore, becoming the 19th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 6th most imported product in Georgia. Georgia imports Copper Ore primarily from: Armenia ($160M), Indonesia ($26.5M), Chile ($20.6M), Serbia ($5.19M), and Turkey ($4.19M).

The fastest growing import markets in Copper Ore for Georgia between 2022 and 2023 were Bulgaria ($4.18M) and Morocco ($1.02M).

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 Copper Ore. 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)$525M
IMPORTS (2023)$226M
NET TRADE (2023)$299M

In 2023, Georgia exported $525M in Copper Ore. The main destinations of Georgia exports on Copper Ore were Bulgaria ($281M), China ($179M), Spain ($56.5M), United Arab Emirates ($5M), and Malaysia ($3.77M).

In 2023, Georgia imported $226M in Copper Ore, mainly from Armenia ($160M), Indonesia ($26.5M), Chile ($20.6M), Serbia ($5.19M), and Turkey ($4.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Georgia WERE (2022 - 2023):
Spain$19.8M (54.2%)
Malaysia$3.77M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Georgia WERE (2022 - 2023):
China-$298M (-62.5%)
Bulgaria-$160M (-36.3%)
South Korea-$3.86M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Georgia's main exporting competitors in Copper Ore were:
Chile $24.2B
Peru $19.9B
In 2023, Georgia's main importing competitors in Copper Ore were:

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $50.2M
TOP IMPORT POTENTIALTurkey+ $1.79M

Copper Ore’s highest export potential is China. With an export gap of $50.2M.   Copper Ore’s highest import potential is Turkey with an import gap of $1.79M.

See methodology.

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