2023
Exports
$100MWorld Rnk 95 / 226
Flag Rnk 14 / 96
2023
PRODUCT COMPLEXITY IN Electrical machinery and electronics
1.73Rnk 19 / 1025
2023
Imports
$974MWorld Rnk 101 / 226
Flag Rnk 4 / 96
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $100M in Electrical machinery and electronics, making it the 95th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 14th most exported product in Georgia. The main destination of Electrical machinery and electronics exports from Georgia are: Armenia ($18.3M), Russia ($16.6M), Azerbaijan ($12.1M), France ($8.56M), and Kazakhstan ($6.52M).

The fastest growing export markets for Electrical machinery and electronics of Georgia between 2022 and 2023 were Turkey ($2.65M), Israel ($2M), and Russia ($1.96M).

Imports In 2023, Georgia imported $974M in Electrical machinery and electronics, becoming the 101st largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 4th most imported product in Georgia. Georgia imports Electrical machinery and electronics primarily from: United Arab Emirates ($220M), China ($157M), Turkey ($151M), Czechia ($96.7M), and Hong Kong ($43.7M).

The fastest growing import markets in Electrical machinery and electronics for Georgia between 2022 and 2023 were United Arab Emirates ($46.9M), Czechia ($38M), and Turkey ($22.7M).

COMPANIES In 2024, leading companies such as ABB Motors and Mechanical (1) were at the forefront of shipping Electrical machinery and electronics 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 Electrical machinery and electronics. 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)$100M
IMPORTS (2023)$974M
NET TRADE (2023)-$873M

In 2023, Georgia exported $100M in Electrical machinery and electronics. The main destinations of Georgia exports on Electrical machinery and electronics were Armenia ($18.3M), Russia ($16.6M), Azerbaijan ($12.1M), France ($8.56M), and Kazakhstan ($6.52M).

In 2023, Georgia imported $974M in Electrical machinery and electronics, mainly from United Arab Emirates ($220M), China ($157M), Turkey ($151M), Czechia ($96.7M), and Hong Kong ($43.7M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR Georgia WERE (2022 - 2023):
Turkey$2.65M (166%)
Israel$2M (82.3%)
Russia$1.96M (13.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY Georgia WERE (2022 - 2023):
Azerbaijan-$6.34M (-34.5%)
Uzbekistan-$4.05M (-75.4%)
Bulgaria-$4.01M (-96.6%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Georgia's main exporting competitors in Electrical machinery and electronics were:
In 2023, Georgia's main importing competitors in Electrical machinery and electronics were:

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Trade Value of Electrical machinery and electronics by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $5.35M
TOP IMPORT POTENTIALChina+ $128M

Electrical machinery and electronics’s highest export potential is United States. With an export gap of $5.35M.   Electrical machinery and electronics’s highest import potential is China with an import gap of $128M.

See methodology.

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