2022
Exports
$31.4kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Magnesium
0.96Rnk 189 / 1025
2022
Imports
$255kWorld Rnk 82 / 176
Flag Rnk 827 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Imports In 2023, Georgia imported $255k in Magnesium, becoming the 82nd largest importer of Magnesium in the world. At the same year, Magnesium was the 827th most imported product in Georgia. Georgia imports Magnesium primarily from: Hong Kong ($171k), Turkey ($77.3k), Egypt ($5.74k), Germany ($479), and Italy ($419).

The fastest growing import markets in Magnesium for Georgia between 2022 and 2023 were Egypt ($3.95k), Germany ($385), and Italy ($239).

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 Magnesium. 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)$31.4k
IMPORTS (2023)$255k
NET TRADE (2023)-$255k

In 2023, Georgia imported $255k in Magnesium, mainly from Hong Kong ($171k), Turkey ($77.3k), Egypt ($5.74k), Germany ($479), and Italy ($419).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Georgia WERE (N/A - 2022):
Netherlands-$25.3k (-100%)
Lithuania-$6.15k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $7.28k
TOP IMPORT POTENTIALChina+ $270k

Magnesium’s highest export potential is Netherlands. With an export gap of $7.28k.   Magnesium’s highest import potential is China with an import gap of $270k.

See methodology.

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