Russian agro-export to Georgia reaches almost $ 300 million

Published 2020년 12월 29일

Tridge summary

From January 1 to December 20, 2020, Russia exported over 1 million tons of agricultural products to Georgia, valued at $296 million. The volume of exports increased by 37% to Georgia, with wheat being the leading product. Despite a decrease in the value of confectionery exports due to a decrease in the purchasing power of the Georgian population, the demand for Russian sweets remains high. Additionally, exports of sunflower oil, corn, and various drinks to Georgia have also increased. Russia also supplies over 90% of Georgia's live pigs. The potential for Russian agricultural exports to Georgia is estimated to be over $200 million, with promising categories including poultry meat, confectionery, frozen fish, margarine, and pork.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Federal Center "Agroexport", from January 1 to December 20, 2020, Russia supplied to Georgia more than 1 million tons of agricultural products worth $ 296 million. The volume of exports increased in physical terms by 37% in - by 3.9%. Last and this year, Georgia is among the top 20 importers of Russian food products. Wheat is the leading position in the supply structure. In less than 12 months, its supplies increased in kind by 30% to 566 thousand tons, in monetary terms - by 2.8% to $ 86 million. Georgia is in the top 10 buyers of Russian confectionery products. This year, supplies in this category remained at the last year's level (23 thousand tons), but their value fell by 18% to $ 39 million against the background of a decrease in the purchasing power of the population. More than half of the export of sweets in monetary terms was accounted for by chocolate, 36% - by flour and 12% - by sugar confectionery. Shipments of sunflower oil to Georgia increased by 4.6% ...
Source: Agroxxi

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