2022
Exports
$139MWorld Rnk 70 / 223
Flag Rnk 11 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$530MWorld Rnk 88 / 226
Flag Rnk 5 / 96
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $139M in Pharmaceutical products, making it the 70th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 11th most exported product in Georgia. The main destination of Pharmaceutical products exports from Georgia are: Uzbekistan ($63.8M), Azerbaijan ($21.9M), Armenia ($8.96M), Spain ($7.98M), and Kyrgyzstan ($4.02M).

The fastest growing export markets for Pharmaceutical products of Georgia between 2021 and 2022 were Uzbekistan ($10.4M), Spain ($7.77M), and Azerbaijan ($4.18M).

Imports In 2018, Georgia imported $530M in Pharmaceutical products, becoming the 88th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most imported product in Georgia. Georgia imports Pharmaceutical products primarily from: Turkey ($71.2M), Switzerland ($69.6M), Germany ($52.4M), France ($50.8M), and India ($42.4M).

The fastest growing import markets in Pharmaceutical products for Georgia between 2021 and 2022 were Switzerland ($28.9M), Turkey ($24.2M), and India ($6.59M).

Latest Trends

Jul 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 Pharmaceutical products. 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)$139M
IMPORTS (2022)$530M
NET TRADE (2022)-$391M

In 2022, Georgia exported $139M in Pharmaceutical products. The main destinations of Georgia exports on Pharmaceutical products were Uzbekistan ($63.8M), Azerbaijan ($21.9M), Armenia ($8.96M), Spain ($7.98M), and Kyrgyzstan ($4.02M).

In 2022, Georgia imported $530M in Pharmaceutical products, mainly from Turkey ($71.2M), Switzerland ($69.6M), Germany ($52.4M), France ($50.8M), and India ($42.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Uzbekistan$10.4M (19.4%)
Spain$7.77M (3.66k%)
Azerbaijan$4.18M (23.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Georgia WERE (2021 - 2022):
Russia-$4.45M (-72.2%)
Kazakhstan-$4.05M (-75.7%)
Saudi Arabia-$1.63M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.43M
TOP IMPORT POTENTIALGermany+ $28.8M

Pharmaceutical products’s highest export potential is United States. With an export gap of $4.43M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $28.8M.

See methodology.

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