2022
Exports
$2.3MWorld Rnk 93 / 202
Flag Rnk 201 / 996
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$32.3MWorld Rnk 78 / 225
Flag Rnk 95 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $2.3M in Sauces and Seasonings, making it the 93rd largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 201st most exported product in Georgia. The main destination of Sauces and Seasonings exports from Georgia are: Russia ($720k), Israel ($376k), United States ($333k), Armenia ($175k), and Azerbaijan ($103k).

The fastest growing export markets for Sauces and Seasonings of Georgia between 2021 and 2022 were Israel ($207k), Russia ($98k), and Armenia ($82.1k).

Imports In 2022, Georgia imported $32.3M in Sauces and Seasonings, becoming the 78th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 95th most imported product in Georgia. Georgia imports Sauces and Seasonings primarily from: Russia ($19.3M), Ukraine ($2.11M), Germany ($1.94M), Turkey ($1.89M), and Kazakhstan ($1.79M).

The fastest growing import markets in Sauces and Seasonings for Georgia between 2021 and 2022 were Russia ($6.61M), Kazakhstan ($1.13M), and Turkey ($1.02M).

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 Sauces and Seasonings. 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)$2.3M
IMPORTS (2022)$32.3M
NET TRADE (2022)-$30M

In 2022, Georgia exported $2.3M in Sauces and Seasonings. The main destinations of Georgia exports on Sauces and Seasonings were Russia ($720k), Israel ($376k), United States ($333k), Armenia ($175k), and Azerbaijan ($103k).

In 2022, Georgia imported $32.3M in Sauces and Seasonings, mainly from Russia ($19.3M), Ukraine ($2.11M), Germany ($1.94M), Turkey ($1.89M), and Kazakhstan ($1.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Israel$207k (122%)
Russia$98k (15.8%)
Armenia$82.1k (88.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Georgia WERE (2021 - 2022):
Germany-$125k (-61.2%)
United States-$80.4k (-19.4%)
Lithuania-$72.9k (-55.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Georgia's main exporting competitors in Sauces and Seasonings were:
In 2022, Georgia's main importing competitors in Sauces and Seasonings were:

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $611k
TOP IMPORT POTENTIALChina+ $450k

Sauces and Seasonings’s highest export potential is United States. With an export gap of $611k.   Sauces and Seasonings’s highest import potential is China with an import gap of $450k.

See methodology.

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