2022
Exports
$1.96kWorld Rnk 130 / 168
Flag Rnk 905 / 996
2022
PRODUCT COMPLEXITY IN String Instruments
0.51Rnk 362 / 1025
2022
Imports
$467kWorld Rnk 92 / 209
Flag Rnk 766 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $1.96k in String Instruments, making it the 130th largest exporter of String Instruments in the world. At the same year, String Instruments was the 905th most exported product in Georgia. The main destination of String Instruments exports from Georgia are: Belgium ($755), Finland ($688), Spain ($344), Niger ($51), and Israel ($50).

The fastest growing export markets for String Instruments of Georgia between 2021 and 2022 were Belgium ($755), Finland ($493), and Spain ($344).

Imports In 2022, Georgia imported $467k in String Instruments, becoming the 92nd largest importer of String Instruments in the world. At the same year, String Instruments was the 766th most imported product in Georgia. Georgia imports String Instruments primarily from: China ($152k), Indonesia ($64.8k), Latvia ($58.8k), United Arab Emirates ($48.2k), and Turkey ($41.7k).

The fastest growing import markets in String Instruments for Georgia between 2021 and 2022 were Indonesia ($48.2k), Latvia ($24.1k), and Germany ($17.3k).

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 String Instruments. 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)$1.96k
IMPORTS (2022)$467k
NET TRADE (2022)-$465k

In 2022, Georgia exported $1.96k in String Instruments. The main destinations of Georgia exports on String Instruments were Belgium ($755), Finland ($688), Spain ($344), Niger ($51), and Israel ($50).

In 2022, Georgia imported $467k in String Instruments, mainly from China ($152k), Indonesia ($64.8k), Latvia ($58.8k), United Arab Emirates ($48.2k), and Turkey ($41.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Belgium$755 (1%)
Finland$493 (253%)
Spain$344 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Georgia WERE (2021 - 2022):
Poland-$514 (-100%)
Austria-$247 (-100%)
United States-$239 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in String Instruments were:
In 2022, Georgia's main importing competitors in String Instruments were:

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $608
TOP IMPORT POTENTIALChina+ $74.3k

String Instruments’s highest export potential is Spain. With an export gap of $608.   String Instruments’s highest import potential is China with an import gap of $74.3k.

See methodology.

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