2022
Exports
$25.8MWorld Rnk 22 / 118
Flag Rnk 32 / 996
2022
PRODUCT COMPLEXITY IN Fish oil
-1.83Rnk 985 / 1025
2022
Imports
$800kWorld Rnk 70 / 171
Flag Rnk 672 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $25.8M in Fish oil, making it the 22nd largest exporter of Fish oil in the world. At the same year, Fish oil was the 32nd most exported product in Georgia. The main destination of Fish oil exports from Georgia are: Norway ($7.44M), Denmark ($6.46M), Turkey ($5.12M), Peru ($3.72M), and Armenia ($1.34M).

The fastest growing export markets for Fish oil of Georgia between 2021 and 2022 were Norway ($7.44M), Denmark ($6.46M), and Armenia ($1.34M).

Imports In 2022, Georgia imported $800k in Fish oil, becoming the 70th largest importer of Fish oil in the world. At the same year, Fish oil was the 672nd most imported product in Georgia. Georgia imports Fish oil primarily from: N/A.

The fastest growing import markets in Fish oil for Georgia between 2021 and 2022 were Norway ($205k), United States ($58.2k), and Kazakhstan ($22.6k).

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 Fish 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 (2022)$25.8M
IMPORTS (2022)$800k
NET TRADE (2022)$25M

In 2022, Georgia exported $25.8M in Fish oil. The main destinations of Georgia exports on Fish oil were Norway ($7.44M), Denmark ($6.46M), Turkey ($5.12M), Peru ($3.72M), and Armenia ($1.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Norway$7.44M (1%)
Denmark$6.46M (1%)
Armenia$1.34M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Georgia WERE (2021 - 2022):
Turkey-$813k (-13.7%)
Peru-$182k (-4.67%)
Spain-$32.4k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Fish oil were:
Peru $556M
Chile $249M
In 2022, Georgia's main importing competitors in Fish oil were:

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $61.6k
TOP IMPORT POTENTIALUnited States+ $39.6k

Fish oil’s highest export potential is Colombia. With an export gap of $61.6k.   Fish oil’s highest import potential is United States with an import gap of $39.6k.

See methodology.

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