2022
Exports
$37MWorld Rnk 102 / 210
Flag Rnk 26 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$172MWorld Rnk 104 / 224
Flag Rnk 20 / 96
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $37M in Animal or vegetable fats, oils, & waxes, making it the 102nd largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 26th most exported product in Georgia. The main destination of Animal or vegetable fats, oils, & waxes exports from Georgia are: Norway ($7.44M), Denmark ($6.46M), Turkey ($5.93M), Peru ($3.72M), and Azerbaijan ($3.29M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Georgia between 2021 and 2022 were Norway ($7.44M), Denmark ($6.46M), and Armenia ($2.84M).

Imports In 2022, Georgia imported $172M in Animal or vegetable fats, oils, & waxes, becoming the 104th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 20th most imported product in Georgia. Georgia imports Animal or vegetable fats, oils, & waxes primarily from: Russia ($77.9M), Turkey ($49.4M), Azerbaijan ($11M), Indonesia ($7.72M), and Ukraine ($6.14M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Georgia between 2021 and 2022 were Turkey ($15.9M), Russia ($15.7M), and Italy ($1M).

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 Animal or vegetable fats, oils, & waxes. 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)$37M
IMPORTS (2022)$172M
NET TRADE (2022)-$135M

In 2022, Georgia exported $37M in Animal or vegetable fats, oils, & waxes. The main destinations of Georgia exports on Animal or vegetable fats, oils, & waxes were Norway ($7.44M), Denmark ($6.46M), Turkey ($5.93M), Peru ($3.72M), and Azerbaijan ($3.29M).

In 2022, Georgia imported $172M in Animal or vegetable fats, oils, & waxes, mainly from Russia ($77.9M), Turkey ($49.4M), Azerbaijan ($11M), Indonesia ($7.72M), and Ukraine ($6.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Norway$7.44M (1%)
Denmark$6.46M (1%)
Armenia$2.84M (2.61k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Georgia WERE (2021 - 2022):
Turkey-$1.67M (-22%)
Azerbaijan-$1M (-23.4%)
Peru-$182k (-4.67%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Georgia's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALNetherlands+ $333k
TOP IMPORT POTENTIALIndonesia+ $7.28M

Animal or vegetable fats, oils, & waxes’s highest export potential is Netherlands. With an export gap of $333k.   Animal or vegetable fats, oils, & waxes’s highest import potential is Indonesia with an import gap of $7.28M.

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