2022
Exports
$90.7MWorld Rnk 76 / 149
Flag Rnk 13 / 996
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$763kWorld Rnk 91 / 158
Flag Rnk 683 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $90.7M in Crude Petroleum, making it the 76th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 13th most exported product in Georgia. The main destination of Crude Petroleum exports from Georgia are: Tunisia ($67.6M), Romania ($23M), and Netherlands ($109).

The fastest growing export markets for Crude Petroleum of Georgia between 2021 and 2022 were Tunisia ($67.6M) and Netherlands ($72).

Imports In 2022, Georgia imported $763k in Crude Petroleum, becoming the 91st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 683rd most imported product in Georgia. Georgia imports Crude Petroleum primarily from: Russia ($475k), Turkmenistan ($287k), and Azerbaijan ($1.44k).

The fastest growing import markets in Crude Petroleum for Georgia between 2021 and 2022 were Russia ($475k), Turkmenistan ($287k), and Azerbaijan ($1.44k).

Latest Trends

Oct 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 Crude Petroleum. 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)$90.7M
IMPORTS (2022)$763k
NET TRADE (2022)$89.9M

In 2022, Georgia exported $90.7M in Crude Petroleum. The main destinations of Georgia exports on Crude Petroleum were Tunisia ($67.6M), Romania ($23M), and Netherlands ($109).

In 2022, Georgia imported $763k in Crude Petroleum, mainly from Russia ($475k), Turkmenistan ($287k), and Azerbaijan ($1.44k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Tunisia$67.6M (1%)
Netherlands$72 (195%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Georgia WERE (2021 - 2022):
Romania-$12.9M (-35.8%)
Uzbekistan-$222 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.79k
TOP IMPORT POTENTIALAzerbaijan+ $8.55k

Crude Petroleum’s highest export potential is China. With an export gap of $8.79k.   Crude Petroleum’s highest import potential is Azerbaijan with an import gap of $8.55k.

See methodology.

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