2022
Exports
$384kWorld Rnk 59 / 160
Flag Rnk 430 / 996
2022
PRODUCT COMPLEXITY IN Metalworking Machines
1.92Rnk 9 / 1025
2022
Imports
$1.78MWorld Rnk 78 / 212
Flag Rnk 539 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $384k in Metalworking Machines, making it the 59th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 430th most exported product in Georgia. The main destination of Metalworking Machines exports from Georgia are: India ($230k), Iran ($98.9k), Armenia ($23.7k), Germany ($14.4k), and Azerbaijan ($13.2k).

The fastest growing export markets for Metalworking Machines of Georgia between 2021 and 2022 were India ($230k), Germany ($14.4k), and Iran ($7.76k).

Imports In 2022, Georgia imported $1.78M in Metalworking Machines, becoming the 78th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 539th most imported product in Georgia. Georgia imports Metalworking Machines primarily from: Turkey ($881k), China ($286k), Italy ($196k), Switzerland ($184k), and Germany ($141k).

The fastest growing import markets in Metalworking Machines for Georgia between 2021 and 2022 were Turkey ($785k), Italy ($196k), and Switzerland ($184k).

Latest Trends

Nov 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 Metalworking Machines. 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)$384k
IMPORTS (2022)$1.78M
NET TRADE (2022)-$1.4M

In 2022, Georgia exported $384k in Metalworking Machines. The main destinations of Georgia exports on Metalworking Machines were India ($230k), Iran ($98.9k), Armenia ($23.7k), Germany ($14.4k), and Azerbaijan ($13.2k).

In 2022, Georgia imported $1.78M in Metalworking Machines, mainly from Turkey ($881k), China ($286k), Italy ($196k), Switzerland ($184k), and Germany ($141k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
India$230k (1%)
Germany$14.4k (1%)
Iran$7.76k (8.51%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Georgia WERE (2021 - 2022):
Azerbaijan-$12.1k (-47.8%)
Turkey-$9.22k (-77.2%)
Iraq-$3.06k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Metalworking Machines were:
In 2022, Georgia's main importing competitors in Metalworking Machines were:

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $38.4k
TOP IMPORT POTENTIALChina+ $139k

Metalworking Machines’s highest export potential is India. With an export gap of $38.4k.   Metalworking Machines’s highest import potential is China with an import gap of $139k.

See methodology.

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