Georgian wine exports rise, incomes fell

19:54, 27.04.2021

The volume of Georgian wine exports in the first quarter of 2021 increased by 2% year-on-year. However, the export value dropped by 5% due to lower wine prices in international markets. According to the National Wine Agency, the growth trend of Georgian wine exports stands despite the pandemic.

Up to 19 million bottles (0.75 l) of wine worth $ 44 million were exported from Georgia to 52 countries in the first quarter of 2021.

Exports increased to strategic wine markets: China – 29% (959,040 bottles), Lithuania – 38% (245,940 bottles), USA – 3% (237,878 bottles), Estonia – 22% (161956 bottles), Japan – 11% (51346 bottles) ) and the UK – 2% (117118 bottles). Exports are also growing in Canada – 31% (67,770 bottles), Kazakhstan – 57% (793,114 bottles), Israel – 56% (131,626 bottles), Azerbaijan – 66% (87,449 bottles) and Turkey – 115% (30,930 bottles).

In addition, Georgia exported 7.4 million bottles (0.5 l) of brandy and 111 thousand bottles (0.5 l) of Chacha in the reported period.

In total, Georgia exported wine, brandy and Chacha products worth 73 million USD, which is a 4% rise year-on-year.

By - Tamar Tabatadze

Economics

Georgian wine

wine exports