2022
Exports
$110MWorld Rnk 69 / 217
Flag Rnk 10 / 996
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$433MWorld Rnk 78 / 224
Flag Rnk 4 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $110M in Packaged Medicaments, making it the 69th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most exported product in Georgia. The main destination of Packaged Medicaments exports from Georgia are: Uzbekistan ($58.2M), Azerbaijan ($21.9M), Armenia ($8.24M), Kyrgyzstan ($4.02M), and Tajikistan ($2.98M).

The fastest growing export markets for Packaged Medicaments of Georgia between 2021 and 2022 were Uzbekistan ($10.4M), Azerbaijan ($4.49M), and Moldova ($1.1M).

Imports In 2022, Georgia imported $433M in Packaged Medicaments, becoming the 78th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Georgia. Georgia imports Packaged Medicaments primarily from: Turkey ($68.3M), Germany ($45.8M), France ($44.5M), Switzerland ($35.1M), and India ($35M).

The fastest growing import markets in Packaged Medicaments for Georgia between 2021 and 2022 were Turkey ($23.9M), India ($19.1M), and Switzerland ($17.4M).

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 Packaged Medicaments. 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)$110M
IMPORTS (2022)$433M
NET TRADE (2022)-$323M

In 2022, Georgia exported $110M in Packaged Medicaments. The main destinations of Georgia exports on Packaged Medicaments were Uzbekistan ($58.2M), Azerbaijan ($21.9M), Armenia ($8.24M), Kyrgyzstan ($4.02M), and Tajikistan ($2.98M).

In 2022, Georgia imported $433M in Packaged Medicaments, mainly from Turkey ($68.3M), Germany ($45.8M), France ($44.5M), Switzerland ($35.1M), and India ($35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Uzbekistan$10.4M (21.8%)
Azerbaijan$4.49M (25.8%)
Moldova$1.1M (60.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Georgia WERE (2021 - 2022):
Russia-$4.33M (-71.7%)
Iran-$1.51M (-86.1%)
Kazakhstan-$729k (-46.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $619k
TOP IMPORT POTENTIALGermany+ $23.9M

Packaged Medicaments’s highest export potential is United Kingdom. With an export gap of $619k.   Packaged Medicaments’s highest import potential is Germany with an import gap of $23.9M.

See methodology.

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