2022
Exports
$336kWorld Rnk 67 / 123
Flag Rnk 451 / 996
2022
PRODUCT COMPLEXITY IN Petroleum Resins
1.53Rnk 46 / 1025
2022
Imports
$525kWorld Rnk 118 / 197
Flag Rnk 749 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $336k in Petroleum Resins, making it the 67th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 451st most exported product in Georgia. The main destination of Petroleum Resins exports from Georgia are: United States ($274k), Russia ($44k), Armenia ($12.7k), Turkey ($5.78k), and Ethiopia ($247).

The fastest growing export markets for Petroleum Resins of Georgia between 2021 and 2022 were United States ($274k), Russia ($44k), and Armenia ($8.45k).

Imports In 2022, Georgia imported $525k in Petroleum Resins, becoming the 118th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 749th most imported product in Georgia. Georgia imports Petroleum Resins primarily from: Azerbaijan ($190k), Poland ($72.7k), Turkey ($55.9k), China ($49.9k), and India ($45.6k).

The fastest growing import markets in Petroleum Resins for Georgia between 2021 and 2022 were Azerbaijan ($151k), India ($45.6k), and Poland ($30.1k).

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 Petroleum Resins. 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)$336k
IMPORTS (2022)$525k
NET TRADE (2022)-$189k

In 2022, Georgia exported $336k in Petroleum Resins. The main destinations of Georgia exports on Petroleum Resins were United States ($274k), Russia ($44k), Armenia ($12.7k), Turkey ($5.78k), and Ethiopia ($247).

In 2022, Georgia imported $525k in Petroleum Resins, mainly from Azerbaijan ($190k), Poland ($72.7k), Turkey ($55.9k), China ($49.9k), and India ($45.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
United States$274k (1%)
Russia$44k (1%)
Armenia$8.45k (198%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Georgia WERE (2021 - 2022):
Czechia-$57.7k (-100%)
Canada-$7.33k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $124k
TOP IMPORT POTENTIALChina+ $74.1k

Petroleum Resins’s highest export potential is United States. With an export gap of $124k.   Petroleum Resins’s highest import potential is China with an import gap of $74.1k.

See methodology.

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