As the Georgian Chamber of Commerce and Industry reports, before the DCFTA (Deep and Comprehensive Free Trade Zone Agreement) enforced, the export of Georgia-produced goods to the EU market equaled 65% of total exports, while it has reached 89% currently.
The chamber reports that with the diversification in the export, the number of exporting companies increased by 61% than in 2014.
Currently, the number of exporters reached 910 companies.
"In 2019, compared with 2018, exports to the European Union increased by 12%. With everything shrinking in 2020, exports from Georgia of certain products, such as hazelnuts and wine, have increased. It indicates that Georgian companies in the EU have established traditional partners, which is an excellent result, especially for such a short time," Alexander Papiashvili, Director of the Department of International Relations and Project Management of the Chamber of Commerce and Industry said.
In his words, the main niche of Georgian export products is quality, not quantity.
For the recent five years, the export of wine (+ 56%) and mineral waters (39%) to the European Union has considerably increased.
In 2019, hazelnuts of $4.6 million were exported to the EU, while in 2014, this figure was 56,000 USD.
In 2019, Georgia exported glass containers of US $4.0 million to the EU, while in 2014, this figure was only 2,000 USD.
Bela GelashviliNews Author