2022
Exports
$11MWorld Rnk 70 / 180
Flag Rnk 71 / 996
2022
PRODUCT COMPLEXITY IN Malt Extract
0.015Rnk 542 / 1025
2022
Imports
$28MWorld Rnk 116 / 224
Flag Rnk 113 / 1152
2022
ECONOMIC COMPLEXITY of Georgia
0.036Rnk 64 / 133

About

Exports In 2022, Georgia exported $11M in Malt Extract, making it the 70th largest exporter of Malt Extract in the world. At the same year, Malt Extract was the 71st most exported product in Georgia. The main destination of Malt Extract exports from Georgia are: Azerbaijan ($10.9M), Mongolia ($50.6k), Armenia ($12.4k), Ireland ($10.6k), and Netherlands ($721).

The fastest growing export markets for Malt Extract of Georgia between 2021 and 2022 were Azerbaijan ($9.71M), Mongolia ($50.6k), and Armenia ($1.44k).

Imports In 2022, Georgia imported $28M in Malt Extract, becoming the 116th largest importer of Malt Extract in the world. At the same year, Malt Extract was the 113th most imported product in Georgia. Georgia imports Malt Extract primarily from: Russia ($13.2M), Austria ($2.97M), Ukraine ($2.74M), Germany ($2.36M), and Netherlands ($1.63M).

The fastest growing import markets in Malt Extract for Georgia between 2021 and 2022 were Russia ($6.85M), Austria ($1.06M), and Germany ($746k).

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 Malt Extract. 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)$11M
IMPORTS (2022)$28M
NET TRADE (2022)-$17M

In 2022, Georgia exported $11M in Malt Extract. The main destinations of Georgia exports on Malt Extract were Azerbaijan ($10.9M), Mongolia ($50.6k), Armenia ($12.4k), Ireland ($10.6k), and Netherlands ($721).

In 2022, Georgia imported $28M in Malt Extract, mainly from Russia ($13.2M), Austria ($2.97M), Ukraine ($2.74M), Germany ($2.36M), and Netherlands ($1.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Malt Extract EXPORT MARKETS FOR Georgia WERE (2021 - 2022):
Azerbaijan$9.71M (787%)
Mongolia$50.6k (1%)
Armenia$1.44k (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Malt Extract BY Georgia WERE (2021 - 2022):
Uzbekistan-$116k (-100%)
Finland-$6.94k (-100%)
Ireland-$5.05k (-32.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Malt Extract by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIreland+ $4.56k
TOP IMPORT POTENTIALNetherlands+ $625k

Malt Extract’s highest export potential is Ireland. With an export gap of $4.56k.   Malt Extract’s highest import potential is Netherlands with an import gap of $625k.

See methodology.

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