2022
Exports
$1.01MWorld Rnk 93 / 155
Flag Rnk 298 / 996
2022
PRODUCT COMPLEXITY IN Margarine
-0.83Rnk 786 / 1025
2022
Imports
$64MWorld Rnk 39 / 219
Flag Rnk 38 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $1.01M in Margarine, making it the 93rd largest exporter of Margarine in the world. At the same year, Margarine was the 298th most exported product in Georgia. The main destination of Margarine exports from Georgia are: Armenia ($622k), Azerbaijan ($291k), Kazakhstan ($60.3k), Moldova ($38.8k), and Turkmenistan ($114).

The fastest growing export markets for Margarine of Georgia between 2021 and 2022 were Armenia ($604k), Kazakhstan ($60.3k), and Moldova ($38.8k).

Imports In 2022, Georgia imported $64M in Margarine, becoming the 39th largest importer of Margarine in the world. At the same year, Margarine was the 38th most imported product in Georgia. Georgia imports Margarine primarily from: Russia ($34.3M), Turkey ($8.94M), Ukraine ($4.86M), Indonesia ($4.48M), and Azerbaijan ($3.94M).

The fastest growing import markets in Margarine for Georgia between 2021 and 2022 were Russia ($13.8M), Indonesia ($3.21M), and Turkey ($2.87M).

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 Margarine. 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)$1.01M
IMPORTS (2022)$64M
NET TRADE (2022)-$63M

In 2022, Georgia exported $1.01M in Margarine. The main destinations of Georgia exports on Margarine were Armenia ($622k), Azerbaijan ($291k), Kazakhstan ($60.3k), Moldova ($38.8k), and Turkmenistan ($114).

In 2022, Georgia imported $64M in Margarine, mainly from Russia ($34.3M), Turkey ($8.94M), Ukraine ($4.86M), Indonesia ($4.48M), and Azerbaijan ($3.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$604k (3.28k%)
Kazakhstan$60.3k (1%)
Moldova$38.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Georgia WERE (2021 - 2022):
Azerbaijan-$61.3k (-17.4%)
Ukraine-$1.61k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Margarine were:
In 2022, Georgia's main importing competitors in Margarine were:
China $1.33B

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAzerbaijan+ $35k
TOP IMPORT POTENTIALIndonesia+ $893k

Margarine’s highest export potential is Azerbaijan. With an export gap of $35k.   Margarine’s highest import potential is Indonesia with an import gap of $893k.

See methodology.

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