Posted: 2 months ago
Georgian Wine Exports Increasingly Dependent on Russia
The dependence of Georgian wine on the Russian market is growing stronger. According to data from Geostat for January-February, Russia's share of the wine export basket has increased to 69.2%, up from 60.4% during the same period in 2022.
Meanwhile, wine export figures to the EU have decreased, with only $3.814 million dollars worth of wine exported in the first two months of 2023, compared to $4.998 million during the same period last year. There has also been a decline in the markets of Poland and Kazakhstan.
The top wine export markets for January-February 2023 are as follows:
- Russia - $23.88 million
- Ukraine - $1.75 million
- Poland - $1.72 million
- China - $1.72 million
- Kazakhstan - $1.164 million
- USA - $0.798 million
- Germany - $0.653 million
- Latvia - $0.570 million
- Belarus - $0.387 million
- United Kingdom - $0.333 million
According to Geostat Georgian wine worth $34.5 million was exported in the first two months of the year, representing a 3.9% increase from the previous year.