Georgia’s exports of oil and oil products rose sharply in the first two months of 2026, fueled by increased domestic refining capacity and expanding trade routes. Official statistics show that the country exported 219,086 tons of oil products worth $93.2 million to 12 countries during January–February.
A main driver of this growth was the rapid expansion of locally produced oil products which accounted for 94.4% of total exports. Their value surged by 2,175% year-on-year to a record $88 million, making oil products one of Georgia’s leading domestically exported commodities, with a 13.3% share of total local exports.
The growth trend began in late 2025, following the launch of operations at the Black Sea Petroleum refinery in Kulevi Port. Monthly exports reached $30.1 million in November and $31.9 million in December, signaling a major shift in Georgia’s role in regional energy trade.
One of the most notable developments in 2026 is the emergence of Togo as a major export destination. The West African country accounted for nearly one-fifth of Georgia’s locally produced oil product exports, marking the first recorded trade between the two nations.
Türkiye remained Georgia’s largest export market but Togo ranked second, ahead of established global trading hubs such as Malta, Singapore and the United Arab Emirates.
Top export destinations for locally produced oil products (Jan–Feb 2026):
- Türkiye – $24.3M (63,530 tons)
- Togo – $19M (32,099 tons)
- Malta – $16.5M (31,226 tons)
- Singapore – $11.8M (37,932 tons)
- United Arab Emirates – $11.8M (34,816 tons)
- Cyprus – $3.5M (13,164 tons)
- Uzbekistan – $338K (181 tons)
- Armenia – $228K (281 tons)
- Ukraine – $210K (119 tons)
- Kazakhstan – $48K (19 tons)
- Azerbaijan – $35K (21 tons)
- China – $29K (2 tons)
