2021
Exports
$167kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2021
Imports
$847kWorld Rnk 145 / 215
Flag Rnk 660 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Imports In 2022, Georgia imported $847k in Soybean Oil, becoming the 145th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 660th most imported product in Georgia. Georgia imports Soybean Oil primarily from: Russia ($784k), Ukraine ($62.9k), and Italy ($196).

The fastest growing import markets in Soybean Oil for Georgia between 2021 and 2022 were Russia ($744k).

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 Soybean Oil. 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 (2021)$167k
IMPORTS (2022)$847k
NET TRADE (2022)-$847k

In 2022, Georgia imported $847k in Soybean Oil, mainly from Russia ($784k), Ukraine ($62.9k), and Italy ($196).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Georgia WERE (N/A - 2021):United Arab Emirates-$167k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Soybean Oil were:
In 2022, Georgia's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $669
TOP IMPORT POTENTIALBrazil+ $517

Soybean Oil’s highest export potential is India. With an export gap of $669.   Soybean Oil’s highest import potential is Brazil with an import gap of $517.

See methodology.

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