2022
Exports
$2.22MWorld Rnk 69 / 200
Flag Rnk 202 / 996
2022
PRODUCT COMPLEXITY IN Navigation Equipment
1.03Rnk 162 / 1025
2022
Imports
$3.32MWorld Rnk 111 / 220
Flag Rnk 417 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $2.22M in Navigation Equipment, making it the 69th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 202nd most exported product in Georgia. The main destination of Navigation Equipment exports from Georgia are: Canada ($1.65M), Hungary ($186k), Kazakhstan ($102k), Germany ($71.7k), and Armenia ($45.6k).

The fastest growing export markets for Navigation Equipment of Georgia between 2021 and 2022 were Hungary ($186k), Kazakhstan ($102k), and Germany ($63k).

Imports In 2022, Georgia imported $3.32M in Navigation Equipment, becoming the 111th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 417th most imported product in Georgia. Georgia imports Navigation Equipment primarily from: Italy ($657k), United States ($526k), Lithuania ($363k), Switzerland ($298k), and Hong Kong ($251k).

The fastest growing import markets in Navigation Equipment for Georgia between 2021 and 2022 were Italy ($451k), United States ($232k), and Poland ($213k).

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 Navigation Equipment. 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)$2.22M
IMPORTS (2022)$3.32M
NET TRADE (2022)-$1.1M

In 2022, Georgia exported $2.22M in Navigation Equipment. The main destinations of Georgia exports on Navigation Equipment were Canada ($1.65M), Hungary ($186k), Kazakhstan ($102k), Germany ($71.7k), and Armenia ($45.6k).

In 2022, Georgia imported $3.32M in Navigation Equipment, mainly from Italy ($657k), United States ($526k), Lithuania ($363k), Switzerland ($298k), and Hong Kong ($251k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Hungary$186k (1%)
Kazakhstan$102k (1%)
Germany$63k (717%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Georgia WERE (2021 - 2022):
Canada-$350k (-17.5%)
Ukraine-$244k (-95.2%)
Azerbaijan-$19.3k (-59.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Navigation Equipment were:
In 2022, Georgia's main importing competitors in Navigation Equipment were:

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $156k
TOP IMPORT POTENTIALChina+ $346k

Navigation Equipment’s highest export potential is Germany. With an export gap of $156k.   Navigation Equipment’s highest import potential is China with an import gap of $346k.

See methodology.

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