2023
Exports
$134MWorld Rnk 67 / 214
Flag Rnk 10 / 991
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$548MWorld Rnk 73 / 226
Flag Rnk 3 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $134M in Packaged Medicaments, making it the 67th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most exported product in Georgia. The main destination of Packaged Medicaments exports from Georgia are: Uzbekistan ($83.4M), Azerbaijan ($26M), Tajikistan ($4.63M), Armenia ($4.27M), and Kyrgyzstan ($3.36M).

The fastest growing export markets for Packaged Medicaments of Georgia between 2022 and 2023 were Uzbekistan ($14.3M), Azerbaijan ($4.08M), and Tajikistan ($2.25M).

Imports In 2023, Georgia imported $548M in Packaged Medicaments, becoming the 73rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most imported product in Georgia. Georgia imports Packaged Medicaments primarily from: Turkey ($153M), Germany ($57.5M), Switzerland ($55.6M), Hungary ($43M), and France ($32.9M).

The fastest growing import markets in Packaged Medicaments for Georgia between 2022 and 2023 were Turkey ($79.7M), Switzerland ($22.5M), and Germany ($16.8M).

Latest Trends

Dec 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 Packaged Medicaments. 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)$134M
IMPORTS (2023)$548M
NET TRADE (2023)-$414M

In 2023, Georgia exported $134M in Packaged Medicaments. The main destinations of Georgia exports on Packaged Medicaments were Uzbekistan ($83.4M), Azerbaijan ($26M), Tajikistan ($4.63M), Armenia ($4.27M), and Kyrgyzstan ($3.36M).

In 2023, Georgia imported $548M in Packaged Medicaments, mainly from Turkey ($153M), Germany ($57.5M), Switzerland ($55.6M), Hungary ($43M), and France ($32.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Georgia WERE (2022 - 2023):
Uzbekistan$14.3M (20.7%)
Azerbaijan$4.08M (18.6%)
Tajikistan$2.25M (94.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Georgia WERE (2022 - 2023):
Russia-$1.66M (-96.6%)
Libya-$651k (-47.5%)
Kenya-$535k (-87.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $619k
TOP IMPORT POTENTIALGermany+ $23.9M

Packaged Medicaments’s highest export potential is United Kingdom. With an export gap of $619k.   Packaged Medicaments’s highest import potential is Germany with an import gap of $23.9M.

See methodology.

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