2023
Exports
$179MWorld Rnk 93 / 167
Flag Rnk 8 / 991
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$14.4MWorld Rnk 92 / 174
Flag Rnk 192 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $179M in Gold, making it the 93rd largest exporter of Gold in the world. At the same year, Gold was the 8th most exported product in Georgia. The main destination of Gold exports from Georgia are: Switzerland ($154M), Turkey ($18.8M), and United Arab Emirates ($5.75M).

The fastest growing export markets for Gold of Georgia between 2022 and 2023 were Turkey ($15.4M), United Arab Emirates ($3.52M), and Switzerland ($220k).

Imports In 2023, Georgia imported $14.4M in Gold, becoming the 92nd largest importer of Gold in the world. At the same year, Gold was the 192nd most imported product in Georgia. Georgia imports Gold primarily from: United Arab Emirates ($9.64M), United Kingdom ($4.54M), Turkey ($114k), Italy ($52.9k), and Switzerland ($23.8k).

The fastest growing import markets in Gold for Georgia between 2022 and 2023 were United Arab Emirates ($9.58M), United Kingdom ($4.54M), and Turkey ($69.2k).

Latest Trends

Dec 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 Gold. 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 (2023)$179M
IMPORTS (2023)$14.4M
NET TRADE (2023)$164M

In 2023, Georgia exported $179M in Gold. The main destinations of Georgia exports on Gold were Switzerland ($154M), Turkey ($18.8M), and United Arab Emirates ($5.75M).

In 2023, Georgia imported $14.4M in Gold, mainly from United Arab Emirates ($9.64M), United Kingdom ($4.54M), Turkey ($114k), Italy ($52.9k), and Switzerland ($23.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Georgia WERE (2022 - 2023):
Turkey$15.4M (440%)
Switzerland$220k (0.14%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Georgia WERE (2022 - 2023):
Germany-$5.19M (-100%)
Netherlands-$5 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Georgia's main exporting competitors in Gold were:
In 2023, Georgia's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $6.59M
TOP IMPORT POTENTIALSwitzerland+ $98.7k

Gold’s highest export potential is Switzerland. With an export gap of $6.59M.   Gold’s highest import potential is Switzerland with an import gap of $98.7k.

See methodology.

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