2023
Exports
$65kWorld Rnk 111 / 150
Flag Rnk 648 / 991
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$3.61MWorld Rnk 88 / 159
Flag Rnk 422 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $65k in Crude Petroleum, making it the 111th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 648th most exported product in Georgia. The main destination of Crude Petroleum exports from Georgia are: Ghana ($64.9k) and Netherlands ($80).

The fastest growing export markets for Crude Petroleum of Georgia between 2022 and 2023 were Ghana ($64.9k).

Imports In 2023, Georgia imported $3.61M in Crude Petroleum, becoming the 88th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 422nd most imported product in Georgia. Georgia imports Crude Petroleum primarily from: Russia ($3.61M) and United Kingdom ($3.79k).

The fastest growing import markets in Crude Petroleum for Georgia between 2022 and 2023 were Russia ($3.13M) and United Kingdom ($3.79k).

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 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 (2023)$65k
IMPORTS (2023)$3.61M
NET TRADE (2023)-$3.55M

In 2023, Georgia exported $65k in Crude Petroleum. The main destinations of Georgia exports on Crude Petroleum were Ghana ($64.9k) and Netherlands ($80).

In 2023, Georgia imported $3.61M in Crude Petroleum, mainly from Russia ($3.61M) and United Kingdom ($3.79k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Georgia WERE (2022 - 2023):Ghana$64.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Georgia WERE (2022 - 2023):
Tunisia-$77.5M (-100%)
Romania-$26.2M (-100%)
Netherlands-$45 (-36%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Georgia's main exporting competitors in Crude Petroleum were:
In 2023, 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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