2022
Exports
$502kWorld Rnk 78 / 148
Flag Rnk 394 / 996
2022
PRODUCT COMPLEXITY IN Butter
0.015Rnk 543 / 1025
2022
Imports
$43.8MWorld Rnk 43 / 220
Flag Rnk 69 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $502k in Butter, making it the 78th largest exporter of Butter in the world. At the same year, Butter was the 394th most exported product in Georgia. The main destination of Butter exports from Georgia are: Armenia ($248k), Libya ($178k), Turkey ($44.9k), Azerbaijan ($24.5k), and United States ($5.91k).

The fastest growing export markets for Butter of Georgia between 2021 and 2022 were Libya ($178k), Turkey ($44.9k), and Armenia ($29.9k).

Imports In 2022, Georgia imported $43.8M in Butter, becoming the 43rd largest importer of Butter in the world. At the same year, Butter was the 69th most imported product in Georgia. Georgia imports Butter primarily from: New Zealand ($13.4M), France ($6.75M), Paraguay ($5.01M), Uruguay ($4.14M), and Finland ($2.45M).

The fastest growing import markets in Butter for Georgia between 2021 and 2022 were Paraguay ($3.53M), France ($2.52M), and Norway ($1.77M).

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 Butter. 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)$502k
IMPORTS (2022)$43.8M
NET TRADE (2022)-$43.3M

In 2022, Georgia exported $502k in Butter. The main destinations of Georgia exports on Butter were Armenia ($248k), Libya ($178k), Turkey ($44.9k), Azerbaijan ($24.5k), and United States ($5.91k).

In 2022, Georgia imported $43.8M in Butter, mainly from New Zealand ($13.4M), France ($6.75M), Paraguay ($5.01M), Uruguay ($4.14M), and Finland ($2.45M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Libya$178k (1%)
Turkey$44.9k (1%)
Armenia$29.9k (13.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Georgia WERE (2021 - 2022):
Azerbaijan-$3.69M (-99.3%)
Finland-$57 (-100%)
Belarus-$32 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAzerbaijan+ $24.6k
TOP IMPORT POTENTIALBelgium+ $647k

Butter’s highest export potential is Azerbaijan. With an export gap of $24.6k.   Butter’s highest import potential is Belgium with an import gap of $647k.

See methodology.

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