Wine exports increased. In 1Q2023, wine USD 56.3 million worth accounted for the exporting markets. 67.5% of wine exports still come to the Russian market. Wine worth USD 38 million were sold in Russia in 1Q.
Wine worth more than USD 1 million was exported in 5 markets, excluding Russia. Among them, despite the current war, Ukraine has been promoted in the ranking, where wine worth more than USD 3 million has been exported this year.
Georgian Wine Exporting Markets / TOP 10
1. Russia - USD 38.04 million
2. Poland - USD 3.15 million
3. Ukraine - USD 3.12 million
4. China - USD 2.6 million
5. Kazakhstan - USD 2.19 million
6. USA - USD 1.14 million
7. Germany - USD 0.97 million
8. Latvia - USD 0.95 million
9. Belarus - USD 0.69 million
10. Lithuania - USD 0.50 million
During the reporting period, approximately 19.3 million liters of wine were exported. The average export price of 1 liter of wine is USD 2.92. Among them, the average price in the USA was USD 6.5. In the same period last year, the average exporting price was USD 2.98.
