2023
Exports
$2.79MWorld Rnk 109 / 163
Flag Rnk 159 / 991
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$445MWorld Rnk 64 / 220
Flag Rnk 4 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $2.79M in Petroleum Gas, making it the 109th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 159th most exported product in Georgia. The main destination of Petroleum Gas exports from Georgia are: Bulgaria ($2.75M), Kazakhstan ($17.5k), and Finland ($13.1k).

The fastest growing export markets for Petroleum Gas of Georgia between 2022 and 2023 were Bulgaria ($890k), Kazakhstan ($17.5k), and Finland ($13.1k).

Imports In 2023, Georgia imported $445M in Petroleum Gas, becoming the 64th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 4th most imported product in Georgia. Georgia imports Petroleum Gas primarily from: Azerbaijan ($314M), Russia ($131M), Iran ($142k), South Korea ($67.5k), and Hong Kong ($40.1k).

The fastest growing import markets in Petroleum Gas for Georgia between 2022 and 2023 were Russia ($18.8M), Iran ($111k), and South Korea ($67.5k).

Latest Trends

Dec 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 Petroleum Gas. 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 (2023)$2.79M
IMPORTS (2023)$445M
NET TRADE (2023)-$442M

In 2023, Georgia exported $2.79M in Petroleum Gas. The main destinations of Georgia exports on Petroleum Gas were Bulgaria ($2.75M), Kazakhstan ($17.5k), and Finland ($13.1k).

In 2023, Georgia imported $445M in Petroleum Gas, mainly from Azerbaijan ($314M), Russia ($131M), Iran ($142k), South Korea ($67.5k), and Hong Kong ($40.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Georgia WERE (2022 - 2023):
Bulgaria$890k (47.8%)
Kazakhstan$17.5k (1%)
Finland$13.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Georgia WERE (2022 - 2023):
Romania-$5.18M (-100%)
Armenia-$8.11k (-100%)
Azerbaijan-$8k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Georgia's main exporting competitors in Petroleum Gas were:
In 2023, Georgia's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRomania+ $1.46M
TOP IMPORT POTENTIALTurkey+ $303k

Petroleum Gas’s highest export potential is Romania. With an export gap of $1.46M.   Petroleum Gas’s highest import potential is Turkey with an import gap of $303k.

See methodology.

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