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Wine and Spirits Exports of Georgia Continue to Decline

In the past months the wine and alcoholic beverages export of Georgia reduced by 44% compared to the same period of  last year, the National Wine Agency reports.

The Agency reps say political and economic developments  in the region led to a sharp decline in exports to two largest exporter countries: Russia (-55%) and Ukraine (-62%).

The National Wine Agency reports that in the 9 months of 2015, Georgia has exported 24,071,200 bottles (0.75 l)  of  wine to 41 countries around the world, which amounted to $66.8 million.

According to the Agency, in the reporting period, an increase in exports to strategically important markets like China is observed. Exports to these countries have increased by 90%, amounting to more than 1.5 million bottles. China is the fourth in the top five Georgian wine export markets after Russia, Kazakhstan and Ukraine.

Export growth is observed in a number of EU countries: Poland 1% (1,112,118 bottles), Latvia – 8% (831,906), Estonia – 32% (339,912), Lithuania – 6% (437,850), Germany – 14% (189,054), the Netherlands – 146% (38,844), France – 119% (28 638).

According to the Office, export has grown to  the strategically important markets such as the US – 39% (181 937), Japan – 33% (112 226), Canada – 69% (135 012). Exports also increased to Kyrgyzstan – 83% (117 840 ), Hong Kong – 8% (26 834), Israel – 163% (28 440), Korea – 221% (24 054) and others.

The top  five of exporting countries is as follows: Russia – 12,508,086, Kazakhstan – 3,442,296, Ukraine – 2,149,471, China – 1,517,843, and Poland – 1,112,118 bottles.