Georgian exports to Russia up 3.7% in 2024, wine supplies increase 8.5%

TBILISI. Jan 20 (Interfax) - Georgia-Russia trade amounted to $2.53 billion in 2024, up 5.4% year-on-year, the Georgian National Statistics Office said in a statement on its website.

Georgian exports increased by 3.7% to $681.5 million in 2024, as imports from Russia grew 6% to $1.85 billion. Georgia's negative balance in foreign trade with Russia amounted to $1.17 billion, up 7.4% year-on-year.

In 2024, Russia ranked fourth among exporters to Georgia (after Kyrgyzstan, Azerbaijan and Kazakhstan) with a 10.4% share (versus 10.8% in 2023). It ranked third in terms of imports (after Turkey and the United States) with an 11% share (11.2%).

In the structure of Georgian exports to Russia, the supply of wine increased by 8.5%, in money terms to $182.6 million (in physical terms up 7.1% to 66,700 tonnes). The supply of other alcoholic beverages grew by 2.3 times to $154.8 million (up 2.5 times to 39,850 tonnes), mineral water - 24.4% to $76.92 million (by 25.8% to 141,400 tonnes), carbonated water with sugar - 1.5%, to $61.66 million (a decrease of 7.7% to 69,940 tonnes), and fruit - 14.1% to $32.24 million. The exports of other goods fell by 36% to $173.2 million.

In the structure of imports from Russia, supplies of oil and oil products decreased by 5.9% to $519.5 million (in physical terms, a decrease of 9.5%, to 698,100 tonnes). The supplies of gaseous hydrocarbons increased by 37.9% to $180.94 million (33.9% to 650,700 tonnes), while the supplies of carbon steel rods doubled, to $114.5 million (doubled to 199,800 tonnes), and the supplies of wheat and meslin grew by 34.6%, to $75.69 million (1.5 times to 324,800 tonnes), and vegetable oil - by 13.8% to $44.57 million (10.3%, to 41,800 tonnes). Imports of other goods increased by 0.7% to $914.6 million.

In 2023, the trade turnover between Georgia and Russia amounted to almost $2.5 billion, down 3% from 2022. Exports of goods from Georgia to Russia exceeded $657 million in 2023 (up 2.2%) alongside $1.74 billion imports (down 5%).