2022
Exports
$268kWorld Rnk 97 / 156
Flag Rnk 481 / 996
2022
PRODUCT COMPLEXITY IN Iron Wire
-0.35Rnk 661 / 1025
2022
Imports
$9.47MWorld Rnk 110 / 216
Flag Rnk 250 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $268k in Iron Wire, making it the 97th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 481st most exported product in Georgia. The main destination of Iron Wire exports from Georgia are: Armenia ($133k), Bulgaria ($71.5k), Greece ($31.9k), Turkey ($24.5k), and Azerbaijan ($7.38k).

The fastest growing export markets for Iron Wire of Georgia between 2021 and 2022 were Bulgaria ($71.5k), Greece ($31.9k), and Armenia ($31.1k).

Imports In 2022, Georgia imported $9.47M in Iron Wire, becoming the 110th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 250th most imported product in Georgia. Georgia imports Iron Wire primarily from: Iran ($3.98M), Turkey ($3.63M), Russia ($567k), China ($405k), and France ($372k).

The fastest growing import markets in Iron Wire for Georgia between 2021 and 2022 were Iran ($111k), France ($103k), and Uzbekistan ($85.6k).

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 Wire. 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)$268k
IMPORTS (2022)$9.47M
NET TRADE (2022)-$9.21M

In 2022, Georgia exported $268k in Iron Wire. The main destinations of Georgia exports on Iron Wire were Armenia ($133k), Bulgaria ($71.5k), Greece ($31.9k), Turkey ($24.5k), and Azerbaijan ($7.38k).

In 2022, Georgia imported $9.47M in Iron Wire, mainly from Iran ($3.98M), Turkey ($3.63M), Russia ($567k), China ($405k), and France ($372k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Bulgaria$71.5k (1%)
Greece$31.9k (1%)
Armenia$31.1k (30.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Georgia WERE (2021 - 2022):
Azerbaijan-$18.5k (-71.4%)
Uzbekistan-$1.3k (-100%)
Germany-$184 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Iron Wire were:
In 2022, Georgia's main importing competitors in Iron Wire were:

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGreece+ $8.15k
TOP IMPORT POTENTIALChina+ $1.01M

Iron Wire’s highest export potential is Greece. With an export gap of $8.15k.   Iron Wire’s highest import potential is China with an import gap of $1.01M.

See methodology.

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