In 2021, Georgia came close to an impressive and record $100 million in fruit and nut exports to the Russian Federation, supplying $94 million worth of products. EastFruit analysts analyze the export structure, the most trending and fastest growing positions, as well as the pros and cons for the fruit and vegetable business of Georgia from increasing exports to this unstable and unpredictable market.
“Five years ago, Georgia exported to the Russian Federation in significant volumes only five items of the fruit sector: tangerine, peach, persimmon, hazelnut and apple. And even then, apple exports barely exceeded 100 tons. At the end of 2021, there were already about 20 positions of Georgian fruit exports, for which the supply volumes exceeded 100 tons per year, and the growth in exports even for the main positions over this period was multiple. Apple exports, for example, have grown 113 times in five years,” says Andriy Yarmak, an economist at the Investment Department of the Food and Agriculture Organization of the United Nations (FAO). At the end of 2021, more than half (59%) of Georgia’s total export earnings from the supply of fruits and nuts to Russia came from two goods: tangerines and peaches. Apples, hazelnuts and blueberries provided another 25% of export earnings. Also significant were the volumes of proceeds from the export of persimmons and plums. In general, the ...
Was this news article helpful?
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.