2020
Exports
$7.78kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2020
Imports
$11MWorld Rnk 76 / 200
Flag Rnk 227 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Imports In 2022, Georgia imported $11M in Soybeans, becoming the 76th largest importer of Soybeans in the world. At the same year, Soybeans was the 227th most imported product in Georgia. Georgia imports Soybeans primarily from: Ukraine ($7.04M), Turkey ($3.97M), Russia ($18.2k), Kyrgyzstan ($7.67k), and Austria ($2.04k).

The fastest growing import markets in Soybeans for Georgia between 2021 and 2022 were Ukraine ($4.08M), Turkey ($3.97M), and Russia ($18.2k).

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 Soybeans. 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 (2020)$7.78k
IMPORTS (2022)$11M
NET TRADE (2022)-$11M

In 2022, Georgia imported $11M in Soybeans, mainly from Ukraine ($7.04M), Turkey ($3.97M), Russia ($18.2k), Kyrgyzstan ($7.67k), and Austria ($2.04k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Soybeans were:
In 2022, Georgia's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $912
TOP IMPORT POTENTIALAustria+ $7.65k

Soybeans’s highest export potential is China. With an export gap of $912.   Soybeans’s highest import potential is Austria with an import gap of $7.65k.

See methodology.

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