2018
Exports
$4.87kWorld Rnk 108 / 166
Flag Rnk 856 / 996
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts
1.19Rnk 106 / 1025
2018
Imports
$173kWorld Rnk 107 / 204
Flag Rnk 881 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2018, Georgia exported $4.87k in Musical Instrument Parts, making it the 108th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 856th most exported product in Georgia. The main destination of Musical Instrument Parts exports from Georgia are: Latvia ($3.38k), Macau ($1.05k), Sweden ($198), Indonesia ($181), and United Arab Emirates ($55).

The fastest growing export markets for Musical Instrument Parts of Georgia between 2021 and 2022 were Latvia ($3.38k), Macau ($1.05k), and Sweden ($198).

Imports In 2022, Georgia imported $173k in Musical Instrument Parts, becoming the 107th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 881st most imported product in Georgia. Georgia imports Musical Instrument Parts primarily from: China ($78.5k), Germany ($35.5k), United States ($13.4k), United Arab Emirates ($12.4k), and Italy ($10.3k).

The fastest growing import markets in Musical Instrument Parts for Georgia between 2021 and 2022 were Germany ($29.6k), Italy ($9.11k), and United States ($7.55k).

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 Musical Instrument Parts. 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)$4.87k
IMPORTS (2022)$173k
NET TRADE (2022)-$168k

In 2022, Georgia exported $4.87k in Musical Instrument Parts. The main destinations of Georgia exports on Musical Instrument Parts were Latvia ($3.38k), Macau ($1.05k), Sweden ($198), Indonesia ($181), and United Arab Emirates ($55).

In 2022, Georgia imported $173k in Musical Instrument Parts, mainly from China ($78.5k), Germany ($35.5k), United States ($13.4k), United Arab Emirates ($12.4k), and Italy ($10.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Latvia$3.38k (1%)
Macau$1.05k (1%)
Sweden$198 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Georgia WERE (2021 - 2022):
Switzerland-$492 (-100%)
France-$322 (-100%)
Belgium-$168 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Musical Instrument Parts were:
In 2022, Georgia's main importing competitors in Musical Instrument Parts were:

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $747
TOP IMPORT POTENTIALChina+ $39.4k

Musical Instrument Parts’s highest export potential is Indonesia. With an export gap of $747.   Musical Instrument Parts’s highest import potential is China with an import gap of $39.4k.

See methodology.

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