2018
Exports
$1.79MWorld Rnk 74 / 141
Flag Rnk 224 / 996
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.34Rnk 660 / 1025
2018
Imports
$178kWorld Rnk 103 / 186
Flag Rnk 879 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2018, Georgia exported $1.79M in Inedible Fats and Oils, making it the 74th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 224th most exported product in Georgia. The main destination of Inedible Fats and Oils exports from Georgia are: Portugal ($964k), Germany ($507k), Netherlands ($213k), Austria ($94k), and Armenia ($13.8k).

The fastest growing export markets for Inedible Fats and Oils of Georgia between 2021 and 2022 were Germany ($507k), Portugal ($387k), and Austria ($94k).

Imports In 2022, Georgia imported $178k in Inedible Fats and Oils, becoming the 103rd largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 879th most imported product in Georgia. Georgia imports Inedible Fats and Oils primarily from: Turkey ($105k), Brazil ($42.3k), Russia ($29.6k), Italy ($748), and United Kingdom ($23).

The fastest growing import markets in Inedible Fats and Oils for Georgia between 2021 and 2022 were Turkey ($92.5k), Brazil ($42.3k), and United Kingdom ($23).

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 Inedible Fats and Oils. 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)$1.79M
IMPORTS (2022)$178k
NET TRADE (2022)$1.61M

In 2022, Georgia exported $1.79M in Inedible Fats and Oils. The main destinations of Georgia exports on Inedible Fats and Oils were Portugal ($964k), Germany ($507k), Netherlands ($213k), Austria ($94k), and Armenia ($13.8k).

In 2022, Georgia imported $178k in Inedible Fats and Oils, mainly from Turkey ($105k), Brazil ($42.3k), Russia ($29.6k), Italy ($748), and United Kingdom ($23).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Germany$507k (1%)
Portugal$387k (67.1%)
Austria$94k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Georgia WERE (2021 - 2022):
Netherlands-$134k (-38.7%)
Azerbaijan-$9.02k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Inedible Fats and Oils were:
In 2022, Georgia's main importing competitors in Inedible Fats and Oils were:

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $321k
TOP IMPORT POTENTIALBrazil+ $2.81k

Inedible Fats and Oils’s highest export potential is Netherlands. With an export gap of $321k.   Inedible Fats and Oils’s highest import potential is Brazil with an import gap of $2.81k.

See methodology.

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