Georgia | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 72 "Iron and steel" from Georgia totalled $ 193 million in 2023. Sales of commodity group 72 from Georgia decreased by 62% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 323 million (cumulative exports of commodity group 72 from Georgia amounted $516 million in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 3.17% of total exports from Georgia (cumulative merchandise exports from Georgia totalled $ 6.09 billion in 2023). The share of commodity group 72 in total exports from Georgia decreased by 6.07 p.p. compared to 2022 (it was 9.24% in 2022 and cumulative exports from Georgia were equal to $ 5.58 billion).
Where does Georgia export Iron and steel?
Top export destinations of "Iron and steel" from Georgia in 2023:
- USA with a share of 35% (69 million US$)
- Russia with a share of 24% (46 million US$)
- Turkey with a share of 20% (39 million US$)
- Azerbaijan with a share of 6.36% (12.3 million US$)
- Algeria with a share of 3.01% (5.82 million US$)
- Egypt with a share of 1.9% (3.67 million US$)
- Armenia with a share of 1.88% (3.64 million US$)
- Netherlands with a share of 1.07% (2.06 million US$)
- Spain - 1.75 million US$
- France - 1.49 million US$
Exports structure of 72 - Iron and steel - from Georgia in 2023 represented by the following main commodity groups:
- 93% (180 million US$): 7202 - Ferro-alloys.
- 2.37% (4.59 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 1.11% (2.15 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 0.806% (1.55 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 0.655% (1.26 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 0.448% (866 thousand US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 0.344% (665 thousand US$): 7217 - Wire of iron or non-alloy steel
- 0.308% (596 thousand US$): 7207 - Semi-finished products of iron or non-alloy steel
- 0.129% (249 thousand US$): 7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 0.111% (215 thousand US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
The value of imports of commodity group 72 "Iron and steel" to Georgia totalled $ 368 million in 2023. Sales of commodity group 72 to Georgia decreased by 14% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 60 million (the value of imports of commodity group 72 to Georgia was equal to $429 million in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 2.36% of total import flow to Georgia (in 2023, total imports to Georgia amounted to $ 15.6 billion). The share of commodity group 72 in total imports to Georgia decreased by 0.804 p.p. compared to 2022 (it was 3.16% in 2022 and cumulative imports to Georgia were equal to $ 13.5 billion).
Where does Georgia import Iron and steel from?
Top trading partners (import of "Iron and steel") of Georgia in 2023:
- Russia with a share of 27% (101 million US$)
- Iran with a share of 22% (83 million US$)
- China with a share of 16.6% (61 million US$)
- Turkey with a share of 15.8% (58 million US$)
- Azerbaijan with a share of 9.23% (34 million US$)
- Korea with a share of 2.88% (10.6 million US$)
- Armenia with a share of 1.32% (4.89 million US$)
- Ukraine with a share of 1.16% (4.3 million US$)
- Kazakhstan - 2.44 million US$
- France - 1.77 million US$
Imports structure of 72 - Iron and steel - to Georgia in 2023 represented by the following main commodity groups:
- 36% (136 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 20% (77 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 10.1% (37 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 9.95% (36 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 3.75% (13.8 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 3.4% (12.5 million US$): 7217 - Wire of iron or non-alloy steel
- 2.57% (9.47 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 2.49% (9.2 million US$): 7206 - Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 72.03)
- 2.43% (8.98 million US$): 7207 - Semi-finished products of iron or non-alloy steel
- 2.35% (8.69 million US$): 7203 - Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 %, in lumps, pellets or similar forms
