2022
Exports
$276kWorld Rnk 83 / 165
Flag Rnk 476 / 996
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$8.81MWorld Rnk 77 / 211
Flag Rnk 257 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $276k in Forging Machines, making it the 83rd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 476th most exported product in Georgia. The main destination of Forging Machines exports from Georgia are: Armenia ($106k), United States ($90.8k), Russia ($59.7k), Turkey ($12k), and Iran ($7.36k).

The fastest growing export markets for Forging Machines of Georgia between 2021 and 2022 were Armenia ($66.7k), Russia ($59.7k), and United States ($26.2k).

Imports In 2022, Georgia imported $8.81M in Forging Machines, becoming the 77th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 257th most imported product in Georgia. Georgia imports Forging Machines primarily from: Turkey ($2.94M), China ($2.28M), Italy ($1.7M), Finland ($954k), and Switzerland ($258k).

The fastest growing import markets in Forging Machines for Georgia between 2021 and 2022 were Turkey ($1.78M), China ($1.35M), and Finland ($954k).

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 Forging Machines. 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)$276k
IMPORTS (2022)$8.81M
NET TRADE (2022)-$8.53M

In 2022, Georgia exported $276k in Forging Machines. The main destinations of Georgia exports on Forging Machines were Armenia ($106k), United States ($90.8k), Russia ($59.7k), Turkey ($12k), and Iran ($7.36k).

In 2022, Georgia imported $8.81M in Forging Machines, mainly from Turkey ($2.94M), China ($2.28M), Italy ($1.7M), Finland ($954k), and Switzerland ($258k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$66.7k (169%)
Russia$59.7k (1%)
United States$26.2k (40.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Georgia WERE (2021 - 2022):
Singapore-$273k (-100%)
Ukraine-$40k (-100%)
Canada-$3.99k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Georgia's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $75.3k
TOP IMPORT POTENTIALChina+ $587k

Forging Machines’s highest export potential is United States. With an export gap of $75.3k.   Forging Machines’s highest import potential is China with an import gap of $587k.

See methodology.

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