2022
Exports
$49.7kWorld Rnk 111 / 175
Flag Rnk 671 / 996
2022
PRODUCT COMPLEXITY IN Soups and Broths
-0.5Rnk 704 / 1025
2022
Imports
$1.71MWorld Rnk 132 / 223
Flag Rnk 547 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $49.7k in Soups and Broths, making it the 111th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 671st most exported product in Georgia. The main destination of Soups and Broths exports from Georgia are: Azerbaijan ($41.9k), Canada ($2.58k), Ireland ($1.96k), Mongolia ($1.76k), and Armenia ($1.35k).

The fastest growing export markets for Soups and Broths of Georgia between 2021 and 2022 were Azerbaijan ($20.8k), Mongolia ($1.76k), and Armenia ($1.35k).

Imports In 2022, Georgia imported $1.71M in Soups and Broths, becoming the 132nd largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 547th most imported product in Georgia. Georgia imports Soups and Broths primarily from: Russia ($1.1M), United States ($200k), Austria ($147k), Turkey ($132k), and France ($34.4k).

The fastest growing import markets in Soups and Broths for Georgia between 2021 and 2022 were Russia ($253k), United States ($185k), and Turkey ($61.8k).

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 Soups and Broths. 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)$49.7k
IMPORTS (2022)$1.71M
NET TRADE (2022)-$1.66M

In 2022, Georgia exported $49.7k in Soups and Broths. The main destinations of Georgia exports on Soups and Broths were Azerbaijan ($41.9k), Canada ($2.58k), Ireland ($1.96k), Mongolia ($1.76k), and Armenia ($1.35k).

In 2022, Georgia imported $1.71M in Soups and Broths, mainly from Russia ($1.1M), United States ($200k), Austria ($147k), Turkey ($132k), and France ($34.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Azerbaijan$20.8k (98.4%)
Mongolia$1.76k (1%)
Armenia$1.35k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Georgia WERE (2021 - 2022):
Canada-$298 (-10.3%)
Ireland-$241 (-11%)
Lithuania-$6 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $3.15k
TOP IMPORT POTENTIALUnited States+ $62.6k

Soups and Broths’s highest export potential is Canada. With an export gap of $3.15k.   Soups and Broths’s highest import potential is United States with an import gap of $62.6k.

See methodology.

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