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Rosselkhoznadzor: Stable trade relations develop between Russia and Georgia

Business Materials 12 February 2020 17:50 (UTC +04:00)
Rosselkhoznadzor: Stable trade relations develop between Russia and Georgia

BAKU, Azerbaijan, Feb. 12

By Tamilla Mammadova – Trend:

Stable trade relations have developed between Russia and Georgia, Russia's Federal Service for Veterinary and Phytosanitary Supervision (Rosselkhoznadzor) told Trend.

“Russian export of agricultural products to Georgia in 2019 amounted to 755,400 tons according to official statistics of the Customs Service of the Russian Federation. In monetary terms it reached $290.9 million,” the Rosselkhoznadzor said.

According to the source, grain crops prevail in Russian export structure to Georgia.

In 2019, Russia exported to Georgia wheat (446,700 tons), corn (103,900 tons), sunflower oil (39,900 tons), sugar (19,100 tons), oilcake (14,500 tons), pasta (13,400 tons), wheat flour (12,300 tons), bread (10,800 tons), chocolate (9,900 tons), cereals (9,600 tons) and sunflower seeds (8,100 tons).

“In smaller volumes, Russia supplied animal feed, margarine, malt, confectionery, dairy products, and also potatoes, onions, melon to Georgia,” Rosselkhoznadzor noted.

According to the Rosselkhoznadzor, in November 2019, three Russian companies received the right to supply beef, pork and poultry to Georgia. Deliveries will begin in 2020.

“In 2020, we plan to further develop trade cooperation with Georgia,” the source said.

Russia ranks second in Georgia’s commodity circulation.

In 2019, the foreign trade turnover between Georgia and Russia amounted to more than $1.4 billion, which is 11.5 percent of the total trade turnover of Georgia.

During the reporting period, Georgia exported products worth $497.1 million to the Russian market, which is 13.2 percent of total exports.

Meanwhile, Russian imported products worth $975.9 million to the Georgia market, which is 10.8 percent of total exports.

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