2022
Exports
$471MWorld Rnk 20 / 129
Flag Rnk 4 / 996
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$18.7MWorld Rnk 71 / 172
Flag Rnk 152 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $471M in Ferroalloys, making it the 20th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 4th most exported product in Georgia. The main destination of Ferroalloys exports from Georgia are: United States ($236M), Russia ($109M), Turkey ($60M), Italy ($18M), and Azerbaijan ($12.6M).

The fastest growing export markets for Ferroalloys of Georgia between 2021 and 2022 were United States ($67M), Turkey ($10.2M), and Italy ($7.45M).

Imports In 2022, Georgia imported $18.7M in Ferroalloys, becoming the 71st largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 152nd most imported product in Georgia. Georgia imports Ferroalloys primarily from: Ukraine ($4.94M), Kazakhstan ($4.03M), Netherlands ($3.38M), Russia ($1.54M), and Iran ($1.21M).

The fastest growing import markets in Ferroalloys for Georgia between 2021 and 2022 were Ukraine ($4.92M), Netherlands ($3.38M), and Russia ($1.54M).

Latest Trends

Aug 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 Ferroalloys. 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)$471M
IMPORTS (2022)$18.7M
NET TRADE (2022)$452M

In 2022, Georgia exported $471M in Ferroalloys. The main destinations of Georgia exports on Ferroalloys were United States ($236M), Russia ($109M), Turkey ($60M), Italy ($18M), and Azerbaijan ($12.6M).

In 2022, Georgia imported $18.7M in Ferroalloys, mainly from Ukraine ($4.94M), Kazakhstan ($4.03M), Netherlands ($3.38M), Russia ($1.54M), and Iran ($1.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
United States$67M (39.7%)
Turkey$10.2M (20.4%)
Italy$7.45M (70.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Georgia WERE (2021 - 2022):
Russia-$62.3M (-36.4%)
Peru-$7.21M (-85.2%)
Canada-$7.1M (-63.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $14.5M
TOP IMPORT POTENTIALChina+ $433k

Ferroalloys’s highest export potential is Turkey. With an export gap of $14.5M.   Ferroalloys’s highest import potential is China with an import gap of $433k.

See methodology.

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