2022
Exports
$1.96MWorld Rnk 64 / 195
Flag Rnk 211 / 996
2022
PRODUCT COMPLEXITY IN Lubricating Products
1.61Rnk 36 / 1025
2022
Imports
$7.75MWorld Rnk 93 / 224
Flag Rnk 274 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $1.96M in Lubricating Products, making it the 64th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 211th most exported product in Georgia. The main destination of Lubricating Products exports from Georgia are: Armenia ($751k), Iran ($485k), Kyrgyzstan ($250k), United States ($227k), and Turkey ($90.5k).

The fastest growing export markets for Lubricating Products of Georgia between 2021 and 2022 were Armenia ($609k), Iran ($484k), and Kyrgyzstan ($250k).

Imports In 2022, Georgia imported $7.75M in Lubricating Products, becoming the 93rd largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 274th most imported product in Georgia. Georgia imports Lubricating Products primarily from: Germany ($1.88M), Turkey ($965k), Finland ($907k), Belgium ($755k), and Lithuania ($684k).

The fastest growing import markets in Lubricating Products for Georgia between 2021 and 2022 were Finland ($636k), Belgium ($464k), and Turkey ($403k).

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 Lubricating Products. 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)$1.96M
IMPORTS (2022)$7.75M
NET TRADE (2022)-$5.79M

In 2022, Georgia exported $1.96M in Lubricating Products. The main destinations of Georgia exports on Lubricating Products were Armenia ($751k), Iran ($485k), Kyrgyzstan ($250k), United States ($227k), and Turkey ($90.5k).

In 2022, Georgia imported $7.75M in Lubricating Products, mainly from Germany ($1.88M), Turkey ($965k), Finland ($907k), Belgium ($755k), and Lithuania ($684k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Armenia$609k (429%)
Iran$484k (63.7k%)
Kyrgyzstan$250k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Georgia WERE (2021 - 2022):
Angola-$92.4k (-100%)
France-$63.3k (-100%)
Uzbekistan-$47.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Lubricating Products were:
In 2022, Georgia's main importing competitors in Lubricating Products were:
China $1.71B

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $93.2k
TOP IMPORT POTENTIALGermany+ $465k

Lubricating Products’s highest export potential is United States. With an export gap of $93.2k.   Lubricating Products’s highest import potential is Germany with an import gap of $465k.

See methodology.

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