2022
Exports
$2.32MWorld Rnk 87 / 177
Flag Rnk 200 / 996
2022
PRODUCT COMPLEXITY IN Iron Blocks
-0.42Rnk 679 / 1025
2022
Imports
$44.5MWorld Rnk 76 / 219
Flag Rnk 67 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $2.32M in Iron Blocks, making it the 87th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 200th most exported product in Georgia. The main destination of Iron Blocks exports from Georgia are: Armenia ($1.86M), Azerbaijan ($445k), Fiji ($5.72k), United Arab Emirates ($4.8k), and Panama ($1.36k).

The fastest growing export markets for Iron Blocks of Georgia between 2021 and 2022 were Armenia ($786k), Fiji ($5.72k), and United Arab Emirates ($4.8k).

Imports In 2022, Georgia imported $44.5M in Iron Blocks, becoming the 76th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 67th most imported product in Georgia. Georgia imports Iron Blocks primarily from: Turkey ($25.6M), Iran ($11M), Russia ($5.27M), Czechia ($1.09M), and Ukraine ($930k).

The fastest growing import markets in Iron Blocks for Georgia between 2021 and 2022 were Turkey ($3.69M), Russia ($1.94M), and Iran ($600k).

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 Iron Blocks. 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)$2.32M
IMPORTS (2022)$44.5M
NET TRADE (2022)-$42.2M

In 2022, Georgia exported $2.32M in Iron Blocks. The main destinations of Georgia exports on Iron Blocks were Armenia ($1.86M), Azerbaijan ($445k), Fiji ($5.72k), United Arab Emirates ($4.8k), and Panama ($1.36k).

In 2022, Georgia imported $44.5M in Iron Blocks, mainly from Turkey ($25.6M), Iran ($11M), Russia ($5.27M), Czechia ($1.09M), and Ukraine ($930k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$786k (73%)
Fiji$5.72k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Georgia WERE (2021 - 2022):
Azerbaijan-$1.02M (-69.5%)
Belarus-$7.33k (-100%)
Russia-$7.02k (-84.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Georgia's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $16.9k
TOP IMPORT POTENTIALCzechia+ $242k

Iron Blocks’s highest export potential is United Arab Emirates. With an export gap of $16.9k.   Iron Blocks’s highest import potential is Czechia with an import gap of $242k.

See methodology.

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