2022
Exports
$2.47MWorld Rnk 40 / 153
Flag Rnk 188 / 996
2022
PRODUCT COMPLEXITY IN Laboratory Reagents
1.53Rnk 45 / 1025
2022
Imports
$38.8MWorld Rnk 14 / 180
Flag Rnk 76 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $2.47M in Laboratory Reagents, making it the 40th largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 188th most exported product in Georgia. The main destination of Laboratory Reagents exports from Georgia are: Armenia ($1.24M), China ($761k), Azerbaijan ($202k), Hong Kong ($139k), and France ($93.3k).

The fastest growing export markets for Laboratory Reagents of Georgia between 2021 and 2022 were Armenia ($739k), Azerbaijan ($185k), and Hong Kong ($110k).

Imports In 2022, Georgia imported $38.8M in Laboratory Reagents, becoming the 14th largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 76th most imported product in Georgia. Georgia imports Laboratory Reagents primarily from: Hong Kong ($10.2M), Germany ($6.93M), China ($4.82M), Netherlands ($2.46M), and France ($2.1M).

The fastest growing import markets in Laboratory Reagents for Georgia between 2021 and 2022 were Hong Kong ($9.31M), China ($1.88M), and Chinese Taipei ($644k).

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 Laboratory Reagents. 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)$2.47M
IMPORTS (2022)$38.8M
NET TRADE (2022)-$36.3M

In 2022, Georgia exported $2.47M in Laboratory Reagents. The main destinations of Georgia exports on Laboratory Reagents were Armenia ($1.24M), China ($761k), Azerbaijan ($202k), Hong Kong ($139k), and France ($93.3k).

In 2022, Georgia imported $38.8M in Laboratory Reagents, mainly from Hong Kong ($10.2M), Germany ($6.93M), China ($4.82M), Netherlands ($2.46M), and France ($2.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$739k (148%)
Azerbaijan$185k (1.1k%)
Hong Kong$110k (375%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY Georgia WERE (2021 - 2022):
Iran-$556k (-98.9%)
China-$517k (-40.4%)
Bermuda-$89.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Laboratory Reagents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $103k
TOP IMPORT POTENTIALChina+ $3.05M

Laboratory Reagents’s highest export potential is France. With an export gap of $103k.   Laboratory Reagents’s highest import potential is China with an import gap of $3.05M.

See methodology.

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