Crude Petroleum in Georgia

EXPORTS (2018): $37.8M, World Rnk 81 / 120
Flag Rnk 16 / 866

TOP DESTINATION (2018): $34.5M, Bulgaria

FASTEST GROWING MARKET (2017 - 2018): $24.6M, Bulgaria

IMPORTS (2018): $624k, World Rnk 103 / 148
Flag Rnk 648 / 1112

TOP ORIGIN (2018): $593k, Iraq

FASTEST GROWING ORIGIN (2017 - 2018): $532k, Iraq

ECONOMIC COMPLEXITY of Georgia (2018): 0.037, Rnk 63 / 137

PRODUCT COMPLEXITY  IN Crude Petroleum (2018): -2.84, Rnk 1018 / 1018

Overview: This page contains the latest trade data of Crude Petroleum in Georgia.

Exports: In 2018, Georgia exported $37.8M in Crude Petroleum, making it the 81st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 16th most exported product in Georgia. The main destination of Crude Petroleum exports from Georgia are: Bulgaria ($34.5M), Italy ($3.27M), and United Kingdom ($89.2k).

The fastest growing export markets for Crude Petroleum of Georgia between 2017 and 2018 were Bulgaria ($24.6M) and United Kingdom ($89.2k).

Imports: In 2018, Georgia imported $624k in Crude Petroleum, becoming the 103rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 648th most imported product in Georgia. Georgia imports Crude Petroleum primarily from: Iraq ($593k) and Israel ($31k).

The fastest growing import markets in Crude Petroleum for Georgia between 2017 and 2018 were Iraq ($532k).

Value

EXPORTS (2018): $37.8M

IMPORTS (2018): $624k

NET TRADE (2018): $37.2M

In 2018, Georgia exported $37.8M in Crude Petroleum. The main destinations of Georgia exports on Crude Petroleum were Bulgaria ($34.5M), Italy ($3.27M), and United Kingdom ($89.2k).

In 2018, Georgia imported $624k in Crude Petroleum, mainly from Iraq ($593k) and Israel ($31k).

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IN 2018, Georgia HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • Bulgaria, $34.5M ($34.5M - $0)
  • Italy, $3.27M ($3.27M - $0)
  • United Kingdom, $89.2k ($89.2k - $0)

IN 2018, Georgia HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • Iraq, -$593k ($0 - $593k)
  • Israel, -$31k ($0 - $31k)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Georgia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Georgia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Georgia's main exporting competitors in Crude Petroleum were:

In 2018, Georgia's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum in Georgia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2016, the tariffs for Crude Petroleum in the imports of Georgia were of 0% around the world.

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