2022
Exports
$1.91MWorld Rnk 95 / 224
Flag Rnk 217 / 996
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$46MWorld Rnk 94 / 224
Flag Rnk 63 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $1.91M in Valves, making it the 95th largest exporter of Valves in the world. At the same year, Valves was the 217th most exported product in Georgia. The main destination of Valves exports from Georgia are: Armenia ($716k), Zambia ($153k), Italy ($129k), Kazakhstan ($102k), and Azerbaijan ($95.1k).

The fastest growing export markets for Valves of Georgia between 2021 and 2022 were Armenia ($384k), Zambia ($151k), and Italy ($117k).

Imports In 2022, Georgia imported $46M in Valves, becoming the 94th largest importer of Valves in the world. At the same year, Valves was the 63rd most imported product in Georgia. Georgia imports Valves primarily from: China ($13.2M), Turkey ($12.1M), Italy ($6.78M), Germany ($3.02M), and United States ($1.04M).

The fastest growing import markets in Valves for Georgia between 2021 and 2022 were Turkey ($3.94M), China ($3.61M), and Italy ($1.38M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (2) were at the forefront of shipping Valves from Georgia to the United States.

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 Valves. 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)$1.91M
IMPORTS (2022)$46M
NET TRADE (2022)-$44.1M

In 2022, Georgia exported $1.91M in Valves. The main destinations of Georgia exports on Valves were Armenia ($716k), Zambia ($153k), Italy ($129k), Kazakhstan ($102k), and Azerbaijan ($95.1k).

In 2022, Georgia imported $46M in Valves, mainly from China ($13.2M), Turkey ($12.1M), Italy ($6.78M), Germany ($3.02M), and United States ($1.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$384k (116%)
Zambia$151k (6.39k%)
Italy$117k (988%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Georgia WERE (2021 - 2022):
Belarus-$325k (-79.6%)
Malaysia-$94.3k (-91.3%)
Azerbaijan-$62k (-39.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $171k
TOP IMPORT POTENTIALChina+ $7.45M

Valves’s highest export potential is Italy. With an export gap of $171k.   Valves’s highest import potential is China with an import gap of $7.45M.

See methodology.

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