Refined Petroleum in Georgia

EXPORTS (2018): $73.8M, World Rnk 101 / 198
Flag Rnk 11 / 866

TOP DESTINATION (2018): $16.5M, Malta

FASTEST GROWING MARKET (2017 - 2018): $9.81M, France

IMPORTS (2018): $869M, World Rnk 98 / 221
Flag Rnk 1 / 1112

TOP ORIGIN (2018): $187M, Romania

FASTEST GROWING ORIGIN (2017 - 2018): $56.8M, Turkmenistan

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

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

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

Exports: In 2018, Georgia exported $73.8M in Refined Petroleum, making it the 101st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 11th most exported product in Georgia. The main destination of Refined Petroleum exports from Georgia are: Malta ($16.5M), Lebanon ($10.8M), France ($9.81M), Malaysia ($8M), and Armenia ($7.17M).

The fastest growing export markets for Refined Petroleum of Georgia between 2017 and 2018 were France ($9.81M), Malaysia ($8M), and United States ($3.27M).

Imports: In 2018, Georgia imported $869M in Refined Petroleum, becoming the 98th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Georgia. Georgia imports Refined Petroleum primarily from: Romania ($187M), Russia ($180M), Turkmenistan ($151M), Azerbaijan ($99.6M), and Bulgaria ($92.6M).

The fastest growing import markets in Refined Petroleum for Georgia between 2017 and 2018 were Turkmenistan ($56.8M), Greece ($49.7M), and Russia ($45.5M).

Value

EXPORTS (2018): $73.8M

IMPORTS (2018): $869M

NET TRADE (2018): -$795M

In 2018, Georgia exported $73.8M in Refined Petroleum. The main destinations of Georgia exports on Refined Petroleum were Malta ($16.5M), Lebanon ($10.8M), France ($9.81M), Malaysia ($8M), and Armenia ($7.17M).

In 2018, Georgia imported $869M in Refined Petroleum, mainly from Romania ($187M), Russia ($180M), Turkmenistan ($151M), Azerbaijan ($99.6M), and Bulgaria ($92.6M).

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

  • Malta, $16.5M ($16.5M - $22.2k)
  • Lebanon, $10.8M ($10.8M - $0)
  • France, $9.55M ($9.81M - $257k)

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

  • Romania, -$187M ($0 - $187M)
  • Russia, -$180M ($0 - $180M)
  • Turkmenistan, -$151M ($2.85k - $151M)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined 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 Refined Petroleum were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined 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 Refined Petroleum in the imports of Georgia were of 0% around the world.

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