2023
Exports
$21.7MWorld Rnk 47 / 121
Flag Rnk 37 / 991
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$33MWorld Rnk 87 / 175
Flag Rnk 95 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $21.7M in Soybean Meal, making it the 47th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 37th most exported product in Georgia. The main destination of Soybean Meal exports from Georgia are: Azerbaijan ($15.8M), Armenia ($3.13M), Uzbekistan ($2.18M), and Turkmenistan ($583k).

The fastest growing export markets for Soybean Meal of Georgia between 2022 and 2023 were Azerbaijan ($8.32M), Uzbekistan ($1.25M), and Turkmenistan ($19.8k).

Imports In 2023, Georgia imported $33M in Soybean Meal, becoming the 87th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 95th most imported product in Georgia. Georgia imports Soybean Meal primarily from: Argentina ($15.1M), Ukraine ($7.58M), Egypt ($4.12M), Romania ($3.28M), and Switzerland ($1.23M).

The fastest growing import markets in Soybean Meal for Georgia between 2022 and 2023 were Argentina ($9.9M), Romania ($1.25M), and Switzerland ($991k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Soybean Meal. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$21.7M
IMPORTS (2023)$33M
NET TRADE (2023)-$11.4M

In 2023, Georgia exported $21.7M in Soybean Meal. The main destinations of Georgia exports on Soybean Meal were Azerbaijan ($15.8M), Armenia ($3.13M), Uzbekistan ($2.18M), and Turkmenistan ($583k).

In 2023, Georgia imported $33M in Soybean Meal, mainly from Argentina ($15.1M), Ukraine ($7.58M), Egypt ($4.12M), Romania ($3.28M), and Switzerland ($1.23M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Georgia WERE (2022 - 2023):
Azerbaijan$8.32M (112%)
Uzbekistan$1.25M (134%)
Turkmenistan$19.8k (3.52%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Georgia WERE (2022 - 2023):Armenia-$5.99M (-65.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Georgia's main exporting competitors in Soybean Meal were:
In 2023, Georgia's main importing competitors in Soybean Meal were:

Explore Visualizations

Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAzerbaijan+ $8k
TOP IMPORT POTENTIALBrazil+ $2.7k

Soybean Meal’s highest export potential is Azerbaijan. With an export gap of $8k.   Soybean Meal’s highest import potential is Brazil with an import gap of $2.7k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with