Exports from Georgia to Russia have increased by 38 % since the beginning of the year
The trade turnover between the two countries is growing, despite the absence of diplomatic relations and an extremely difficult political background.
The trade turnover between Georgia and Russia has increased by 22.4% since the beginning of 2021 compared to January-September 2020 and amounted to $ 1.1 billion, while exports increased by 38%, according to the National Statistics Service of Georgia "Sakstat".
Since the beginning of the year, more than 80 thousand tons of mineral and fresh water, about 78.6 thousand tons of ferroalloys, more than 34 thousand tons of natural grape wine, 24 thousand tons of fruit and so on have been exported from Georgia to the Russian Federation.
Russia remains the largest grain supplier to Georgia. Wheat with a total weight of more than 256 thousand tons has been imported from Russia since the beginning of the year.
About 254.3 thousand tons of oil gases, 167 thousand tons of oil and petroleum products, about 22.1 thousand tons of sunflower oil and so on were also imported from Russia.
In 2020, Russia and Georgia traded more than $ 1.3 billion, which is 9.9% less than in 2019. Despite this, Russia was the main market for Georgian agri-food products in 2020.
How important is the Russian market?
Iosif Archvadze, an expert on economic issues, named several factors that indicate the importance of the Russian market for Georgia.
"Russia is a large, capacious market. The average purchasing power of Russian citizens is much higher than that of Georgian citizens. Geographical proximity, a common border, in a certain sense, mental community, the absence of a language barrier contribute to the fact that the Russian market will remain one of the attractive and priority areas of our exports for many years," Archvadze said.
He notes that Georgia and Russia do not compete in terms of exported products, but complement each other.
Georgia exports those products to Russia, which are in constantly increased, stable demand among Russians. On the other hand, Russia provides Georgian consumers with products that are not produced or produced in smaller volumes, and this does not create competition for local producers. This is a good start for further expansion of mutually beneficial trade.
In 2020, Russia and Georgia traded more than $ 1.3 billion, which is 9.9% less than in 2019. Despite this, Russia was the main market for Georgian agri-food products in 2020.
Sputnik-georgia.ru
Tags:
Exports from Georgia to Russia have increased by 38 % since the beginning of the year
The trade turnover between the two countries is growing, despite the absence of diplomatic relations and an extremely difficult political background.
The trade turnover between Georgia and Russia has increased by 22.4% since the beginning of 2021 compared to January-September 2020 and amounted to $ 1.1 billion, while exports increased by 38%, according to the National Statistics Service of Georgia "Sakstat".
Since the beginning of the year, more than 80 thousand tons of mineral and fresh water, about 78.6 thousand tons of ferroalloys, more than 34 thousand tons of natural grape wine, 24 thousand tons of fruit and so on have been exported from Georgia to the Russian Federation.
Russia remains the largest grain supplier to Georgia. Wheat with a total weight of more than 256 thousand tons has been imported from Russia since the beginning of the year.
About 254.3 thousand tons of oil gases, 167 thousand tons of oil and petroleum products, about 22.1 thousand tons of sunflower oil and so on were also imported from Russia.
In 2020, Russia and Georgia traded more than $ 1.3 billion, which is 9.9% less than in 2019. Despite this, Russia was the main market for Georgian agri-food products in 2020.
How important is the Russian market?
Iosif Archvadze, an expert on economic issues, named several factors that indicate the importance of the Russian market for Georgia.
"Russia is a large, capacious market. The average purchasing power of Russian citizens is much higher than that of Georgian citizens. Geographical proximity, a common border, in a certain sense, mental community, the absence of a language barrier contribute to the fact that the Russian market will remain one of the attractive and priority areas of our exports for many years," Archvadze said.
He notes that Georgia and Russia do not compete in terms of exported products, but complement each other.
Georgia exports those products to Russia, which are in constantly increased, stable demand among Russians. On the other hand, Russia provides Georgian consumers with products that are not produced or produced in smaller volumes, and this does not create competition for local producers. This is a good start for further expansion of mutually beneficial trade.
In 2020, Russia and Georgia traded more than $ 1.3 billion, which is 9.9% less than in 2019. Despite this, Russia was the main market for Georgian agri-food products in 2020.
Sputnik-georgia.ru
Tags:
