2022
Exports
$19.6MWorld Rnk 94 / 212
Flag Rnk 45 / 996
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$591kWorld Rnk 104 / 187
Flag Rnk 725 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $19.6M in Scrap Iron, making it the 94th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 45th most exported product in Georgia. The main destination of Scrap Iron exports from Georgia are: Turkey ($17.5M), Netherlands ($1.1M), Estonia ($351k), India ($339k), and Lithuania ($189k).

The fastest growing export markets for Scrap Iron of Georgia between 2021 and 2022 were Lithuania ($189k) and United Kingdom ($73k).

Imports In 2022, Georgia imported $591k in Scrap Iron, becoming the 104th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 725th most imported product in Georgia. Georgia imports Scrap Iron primarily from: New Zealand ($566k) and Turkey ($25.3k).

The fastest growing import markets in Scrap Iron for Georgia between 2021 and 2022 were New Zealand ($566k).

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 Scrap Iron. 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)$19.6M
IMPORTS (2022)$591k
NET TRADE (2022)$19M

In 2022, Georgia exported $19.6M in Scrap Iron. The main destinations of Georgia exports on Scrap Iron were Turkey ($17.5M), Netherlands ($1.1M), Estonia ($351k), India ($339k), and Lithuania ($189k).

In 2022, Georgia imported $591k in Scrap Iron, mainly from New Zealand ($566k) and Turkey ($25.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Lithuania$189k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Georgia WERE (2021 - 2022):
Turkey-$20.1M (-53.4%)
Netherlands-$1.11M (-50.2%)
Pakistan-$299k (-98.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Scrap Iron were:
In 2022, Georgia's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $12.6M
TOP IMPORT POTENTIALUnited States+ $1.81k

Scrap Iron’s highest export potential is Turkey. With an export gap of $12.6M.   Scrap Iron’s highest import potential is United States with an import gap of $1.81k.

See methodology.

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