2022
Exports
$875kWorld Rnk 40 / 120
Flag Rnk 319 / 996
2022
PRODUCT COMPLEXITY IN Knitting Machines
1.1Rnk 135 / 1025
2022
Imports
$406kWorld Rnk 115 / 191
Flag Rnk 783 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $875k in Knitting Machines, making it the 40th largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 319th most exported product in Georgia. The main destination of Knitting Machines exports from Georgia are: Turkey ($691k) and Armenia ($185k).

The fastest growing export markets for Knitting Machines of Georgia between 2021 and 2022 were Turkey ($691k) and Armenia ($151k).

Imports In 2022, Georgia imported $406k in Knitting Machines, becoming the 115th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 783rd most imported product in Georgia. Georgia imports Knitting Machines primarily from: Turkey ($202k), China ($152k), Hong Kong ($27.9k), Vietnam ($23.9k), and Sweden ($315).

The fastest growing import markets in Knitting Machines for Georgia between 2021 and 2022 were Turkey ($43k), Vietnam ($19.1k), and Hong Kong ($18.1k).

Latest Trends

Oct 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 Knitting Machines. 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)$875k
IMPORTS (2022)$406k
NET TRADE (2022)$469k

In 2022, Georgia exported $875k in Knitting Machines. The main destinations of Georgia exports on Knitting Machines were Turkey ($691k) and Armenia ($185k).

In 2022, Georgia imported $406k in Knitting Machines, mainly from Turkey ($202k), China ($152k), Hong Kong ($27.9k), Vietnam ($23.9k), and Sweden ($315).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Turkey$691k (1%)
Armenia$151k (450%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Georgia WERE (2021 - 2022):Iran-$17.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Knitting Machines were:
China $1.28B
Japan $411M
In 2022, Georgia's main importing competitors in Knitting Machines were:

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $436
TOP IMPORT POTENTIALChina+ $134k

Knitting Machines’s highest export potential is Turkey. With an export gap of $436.   Knitting Machines’s highest import potential is China with an import gap of $134k.

See methodology.

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