2022
Exports
$1.15BWorld Rnk 76 / 226
Flag Rnk 2 / 21
2022
PRODUCT COMPLEXITY IN Chemical Products
2.43Rnk 1 / 1025
2022
Imports
$1.25BWorld Rnk 103 / 226
Flag Rnk 5 / 21
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $1.15B in Chemical Products, making it the 76th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 2nd most exported product in Georgia. The main destination of Chemical Products exports from Georgia are: India ($277M), Romania ($188M), Peru ($157M), Uzbekistan ($65.4M), and Bulgaria ($62M).

The fastest growing export markets for Chemical Products of Georgia between 2021 and 2022 were India ($270M), Peru ($157M), and Romania ($102M).

Imports In 2022, Georgia imported $1.25B in Chemical Products, becoming the 103rd largest importer of Chemical Products in the world. At the same year, Chemical Products was the 5th most imported product in Georgia. Georgia imports Chemical Products primarily from: Turkey ($249M), France ($109M), Germany ($101M), Russia ($97.6M), and Switzerland ($77.1M).

The fastest growing import markets in Chemical Products for Georgia between 2021 and 2022 were Turkey ($72.3M), Switzerland ($27.8M), and India ($16.2M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (2) were at the forefront of shipping Chemical Products from Georgia to the United States.

Latest Trends

Nov 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 Chemical 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)$1.15B
IMPORTS (2022)$1.25B
NET TRADE (2022)-$93.7M

In 2022, Georgia exported $1.15B in Chemical Products. The main destinations of Georgia exports on Chemical Products were India ($277M), Romania ($188M), Peru ($157M), Uzbekistan ($65.4M), and Bulgaria ($62M).

In 2022, Georgia imported $1.25B in Chemical Products, mainly from Turkey ($249M), France ($109M), Germany ($101M), Russia ($97.6M), and Switzerland ($77.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
India$270M (4.06k%)
Peru$157M (2.69M%)
Romania$102M (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Georgia WERE (2021 - 2022):
Iran-$34.6M (-84.1%)
Ukraine-$26M (-61.6%)
Tunisia-$15.1M (-99.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Chemical Products were:
In 2022, Georgia's main importing competitors in Chemical Products were:

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.24M
TOP IMPORT POTENTIALGermany+ $46.5M

Chemical Products’s highest export potential is United States. With an export gap of $5.24M.   Chemical Products’s highest import potential is Germany with an import gap of $46.5M.

See methodology.

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