Georgia’s wine exports up 44 percent y/y

Georgia has earned more than $60 million USD from exporting more than 15 million bottles of locally-made wine and three million bottles of spirits this year.

The country’s National Wine Agency today announced Georgia exported 44 percent more wine in the first five months of 2016 than in the same period of 2015.

Between January and May 2016, Georgia exported 15,053,106 bottles of wine abroad. The total income received from wine exports amounted to $35.04 million, which was 16 percent more year-on-year (y/y).

The amount of wine exported to China had risen substantially in the past 12 months. So far this year, the large Asian nation imported more than 1.2 million bottles of Georgian wine.

The Agency noted Georgia’s wine exports had also increased to its nearby neighbours, to European Union (EU) countries, to North America and to the majority of its export markets.

Between January-May 2016, Georgia exported more wine to (y/y):
• Kyrgyzstan – by 171 percent (107,646 bottles);
• China – by 106 percent (1,242,523 bottles);
• Great Britain – by 79 percent (52,126 bottles);
• Belarus – by 77 percent (262,838 bottles);
• Ukraine – by 73 percent (1,853,663 bottles);
• Russia – by 59 percent (7,560,974 bottles);
• Lithuania – by 46 percent (244,368 percent);
• Germany – by 31 percent (141,328 bottles);
• Poland – by 30 percent (835,792 bottles);
• Canada – by 25 percent (77,100 bottles);
• Estonia – by 17 percent (236,496 bottles).

Georgia’s top five wine export countries were:
• Russia – 7,560,974 bottles;
• Ukraine – 1,853,663 bottles;
• China – 1,242,523 bottles;
• Poland – 835,792 bottles;
• Kyrgyzstan – 107,646 bottles.

Furthermore, in the first five months of 2016 Georgia exported 3,330,333 bottles (0.5L) of brandy. This was 69 percent more compared to the same period of last year. With this Georgia earned $7.7 million, which was 35 percent more y/y.

The total amount of remuneration Georgia earned from exporting wine and spirits in the first five months of 2016 reached $61.1 million.

In 2015, the country earned $45.5 million in the same time period for the same exports. (Agenda.ge)