In 2024, Georgia imported 1.59 million tons of oil products from abroad worth USD 1.3 billion, which was 12% more than in the previous year.
In 2024, Georgia purchased 698 thousand tons of oil from Russia worth USD 520 million, which was a 6% decrease year-on-year. The reason for the decrease is likely the restriction on gasoline exports imposed by Russia itself, which was lifted in the summer months, but came into force again on September 1 and was in effect until December 31. Based on this, Georgian companies increased gasoline imports from Romania, Bulgaria, and Turkey. Russia extended this restriction this year as well.
Russia - 698,122 tons oil, worth of USD520 million; decline of -6%
Bulgaria - 221,161 tons oil, worth of USD 184 million; growth of 89%
Romania - 204,172tons oil, worth of USD 164 million; decline of -2%
Turkey - 75,868 tons oil, worth of $77 million; growth of 70%
Azerbaijan - 96,119 tons oil, worth of $76 million; decline of -20%
According to Geostat, Georgia exported part of the oil in 2024, namely, exports reached USD 94.5 million and 139 thousand tons. Exports increased by 41% in terms of value and by 69% in terms of volume. In 2024, the largest amount of oil - 60.6 thousand tons worth of USD 30.7 million was exported to the Netherlands.
