2018
Exports
$669kWorld Rnk 73 / 209
Flag Rnk 347 / 996
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2018
Imports
$7.05MWorld Rnk 110 / 223
Flag Rnk 285 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2018, Georgia exported $669k in Padlocks, making it the 73rd largest exporter of Padlocks in the world. At the same year, Padlocks was the 347th most exported product in Georgia. The main destination of Padlocks exports from Georgia are: Armenia ($350k), Czechia ($92.4k), China ($65.4k), South Korea ($39.1k), and Norway ($26.1k).

The fastest growing export markets for Padlocks of Georgia between 2021 and 2022 were Armenia ($214k), China ($45.5k), and Lithuania ($11.4k).

Imports In 2022, Georgia imported $7.05M in Padlocks, becoming the 110th largest importer of Padlocks in the world. At the same year, Padlocks was the 285th most imported product in Georgia. Georgia imports Padlocks primarily from: China ($3.52M), Turkey ($1.27M), Netherlands ($425k), Russia ($385k), and Italy ($369k).

The fastest growing import markets in Padlocks for Georgia between 2021 and 2022 were China ($511k), Netherlands ($388k), and Turkey ($297k).

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 Padlocks. 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)$669k
IMPORTS (2022)$7.05M
NET TRADE (2022)-$6.38M

In 2022, Georgia exported $669k in Padlocks. The main destinations of Georgia exports on Padlocks were Armenia ($350k), Czechia ($92.4k), China ($65.4k), South Korea ($39.1k), and Norway ($26.1k).

In 2022, Georgia imported $7.05M in Padlocks, mainly from China ($3.52M), Turkey ($1.27M), Netherlands ($425k), Russia ($385k), and Italy ($369k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$214k (157%)
China$45.5k (228%)
Lithuania$11.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Georgia WERE (2021 - 2022):
Saudi Arabia-$154k (-94.2%)
Belarus-$63.1k (-76.1%)
Bulgaria-$62.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Georgia's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Georgia's main importing competitors in Padlocks were:

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCzechia+ $21.7k
TOP IMPORT POTENTIALChina+ $1.22M

Padlocks’s highest export potential is Czechia. With an export gap of $21.7k.   Padlocks’s highest import potential is China with an import gap of $1.22M.

See methodology.

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