2022
Exports
$82.9MWorld Rnk 110 / 214
Flag Rnk 16 / 996
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$1.47BWorld Rnk 93 / 225
Flag Rnk 2 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $82.9M in Refined Petroleum, making it the 110th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 16th most exported product in Georgia. The main destination of Refined Petroleum exports from Georgia are: Azerbaijan ($17.3M), Belgium ($14.8M), Ukraine ($13.9M), Turkey ($7.17M), and Switzerland ($7.09M).

The fastest growing export markets for Refined Petroleum of Georgia between 2021 and 2022 were Ukraine ($13.8M), Azerbaijan ($13.6M), and Italy ($5.56M).

Imports In 2022, Georgia imported $1.47B in Refined Petroleum, becoming the 93rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Georgia. Georgia imports Refined Petroleum primarily from: Russia ($622M), Romania ($256M), Turkmenistan ($159M), Turkey ($117M), and Bulgaria ($114M).

The fastest growing import markets in Refined Petroleum for Georgia between 2021 and 2022 were Russia ($500M), Romania ($119M), and Turkey ($78.9M).

Latest Trends

Sep 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 Refined 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 (2022)$82.9M
IMPORTS (2022)$1.47B
NET TRADE (2022)-$1.38B

In 2022, Georgia exported $82.9M in Refined Petroleum. The main destinations of Georgia exports on Refined Petroleum were Azerbaijan ($17.3M), Belgium ($14.8M), Ukraine ($13.9M), Turkey ($7.17M), and Switzerland ($7.09M).

In 2022, Georgia imported $1.47B in Refined Petroleum, mainly from Russia ($622M), Romania ($256M), Turkmenistan ($159M), Turkey ($117M), and Bulgaria ($114M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Ukraine$13.8M (13.8k%)
Azerbaijan$13.6M (362%)
Italy$5.56M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Georgia WERE (2021 - 2022):
Saudi Arabia-$70.5M (-100%)
Netherlands-$34.9M (-100%)
Lebanon-$23.1M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Refined Petroleum were:
In 2022, Georgia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $23.9M
TOP IMPORT POTENTIALTurkey+ $27.7M

Refined Petroleum’s highest export potential is Turkey. With an export gap of $23.9M.   Refined Petroleum’s highest import potential is Turkey with an import gap of $27.7M.

See methodology.

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