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2022
ExportsfalseWorld Rnk 46 / 153
Flag Rnk 219 / 996
2021 - 2022
FASTEST GROWING MARKET $104kArmenia
2022
PRODUCT COMPLEXITY IN Pharmaceutical Rubber Products0.19Rnk 491 / 1025
2022
Origin $58.6k Russia
2021 - 2022
FASTEST GROWING ORIGIN $58.6kGermany
2022
ECONOMIC COMPLEXITY of Georgia0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $1.84M in Pharmaceutical Rubber Products, making it the 46th largest exporter of Pharmaceutical Rubber Products in the world. At the same year, Pharmaceutical Rubber Products was the 219th most exported product in Georgia. The main destination of Pharmaceutical Rubber Products exports from Georgia are: Belarus ($1.17M), Armenia ($574k), Russia ($96.8k), Azerbaijan ($610), and United States ($10).

The fastest growing export markets for Pharmaceutical Rubber Products of Georgia between 2021 and 2022 were Armenia ($104k), Russia ($92k), and South Africa ($2).

The fastest growing import markets in Pharmaceutical Rubber Products for Georgia between 2021 and 2022 were Germany ($58.6k), Kazakhstan ($46.6k), and India ($42.5k).

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 Pharmaceutical Rubber Products. 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)$1.84M

In 2022, Georgia exported $1.84M in Pharmaceutical Rubber Products. The main destinations of Georgia exports on Pharmaceutical Rubber Products were Belarus ($1.17M), Armenia ($574k), Russia ($96.8k), Azerbaijan ($610), and United States ($10).

In N/A, Georgia imported N/A in Pharmaceutical Rubber Products, mainly from Russia ($1.67M), Germany ($343k), Latvia ($189k), China ($110k), and Italy ($66k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical Rubber Products EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$104k (22.2%)
Russia$92k (1.9k%)
South Africa$2 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical Rubber Products BY Georgia WERE (2021 - 2022):
Azerbaijan-$8.63k (-93.4%)
Belarus-$7.41k (-0.63%)
United States-$90 (-90%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Pharmaceutical Rubber Products were:
Thailand $317M
China $246M
Malaysia $121M
In 2022, Georgia's main importing competitors in Pharmaceutical Rubber Products were:
China $110M
United States $92.6M
Germany $82.3M

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Trade Value of Pharmaceutical Rubber Products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $369
TOP IMPORT POTENTIALChina+ $68.6k

Pharmaceutical Rubber Products’s highest export potential is China. With an export gap of $369.   Pharmaceutical Rubber Products’s highest import potential is China with an import gap of $68.6k.

See methodology.

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