2023
Exports
$1.2MWorld Rnk 92 / 184
Flag Rnk 258 / 991
2023
PRODUCT COMPLEXITY IN Lifting Machinery
1.09Rnk 149 / 1025
2023
Imports
$55.5MWorld Rnk 70 / 222
Flag Rnk 46 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $1.2M in Lifting Machinery, making it the 92nd largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 258th most exported product in Georgia. The main destination of Lifting Machinery exports from Georgia are: Armenia ($634k), Turkey ($304k), Saudi Arabia ($68.8k), Iran ($52.1k), and Canada ($37.1k).

The fastest growing export markets for Lifting Machinery of Georgia between 2022 and 2023 were Turkey ($235k), Iran ($52.1k), and Canada ($37.1k).

Imports In 2023, Georgia imported $55.5M in Lifting Machinery, becoming the 70th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 46th most imported product in Georgia. Georgia imports Lifting Machinery primarily from: Austria ($19.7M), China ($14.2M), Turkey ($13.3M), United Kingdom ($1.92M), and Germany ($1.67M).

The fastest growing import markets in Lifting Machinery for Georgia between 2022 and 2023 were Austria ($18.1M), China ($2.3M), and Turkey ($2M).

Latest Trends

Jan 2025

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 Lifting Machinery. 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)$1.2M
IMPORTS (2023)$55.5M
NET TRADE (2023)-$54.3M

In 2023, Georgia exported $1.2M in Lifting Machinery. The main destinations of Georgia exports on Lifting Machinery were Armenia ($634k), Turkey ($304k), Saudi Arabia ($68.8k), Iran ($52.1k), and Canada ($37.1k).

In 2023, Georgia imported $55.5M in Lifting Machinery, mainly from Austria ($19.7M), China ($14.2M), Turkey ($13.3M), United Kingdom ($1.92M), and Germany ($1.67M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Georgia WERE (2022 - 2023):
Turkey$235k (345%)
Iran$52.1k (1%)
Canada$37.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Georgia WERE (2022 - 2023):
Azerbaijan-$1.54M (-98.8%)
Saudi Arabia-$330k (-82.7%)
Slovakia-$321k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Georgia's main exporting competitors in Lifting Machinery were:
China $7.77B
Italy $2.7B
In 2023, Georgia's main importing competitors in Lifting Machinery were:

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $96.5k
TOP IMPORT POTENTIALChina+ $2.81M

Lifting Machinery’s highest export potential is Turkey. With an export gap of $96.5k.   Lifting Machinery’s highest import potential is China with an import gap of $2.81M.

See methodology.

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