Date,
Time MSK

22.03.2016



Georgian-Russian Bilateral Trade in 2015


In 2015 Georgian-Russian bilateral trade volume decreased by 11% and reached 0.76 billion USD compared to 0.85 billion USD in 2014.


Georgian exports to Russia fell to 0.16 billion USD (by 43%) while imports rose to 0.60 billion USD (by 5%) (see Figure 1).


Figure 1. 2007-2015 Georgian-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Georgian-Russian bilateral trade turnover, billion USD.png


Georgian exports to Russia


Georgia primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Beverages, spirits and vinegar (57%)

▪ Edible fruit, nuts, peel of citrus fruit, melons (15%)

▪ Iron and steel (14%)

▪ Mineral fuels, oils, distillation products, etc (2%)

▪ Coffee, tea, mate and spices (2%)

▪ Vegetable, fruit, nut, etc food preparations (1%)

▪ Ores, slag and ash (1%)

▪ Inorganic chemicals, precious metal compound, isotopes (1%)

▪ Optical, photo, technical, medical, etc apparatus (1%)

▪ Fish, crustaceans, molluscs, aquatic invertebrates nes (1%)

▪ Salt, sulphur, earth, stone, plaster, lime and cement (1%)


In 2015 the imports of Georgian made products in Russia experienced a significant rise. The imports of oil seed, oleagic fruits, grain, seed, fruit rise by 1605%; the imports of salt, sulphur, earth, stone, plaster, lime and cement- by 413%.



Figure 2. Structure of Georgian Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Georgian Exports to Russia in 2015.png



Table 1. Key products exported from Georgia to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Georgian products

22

Beverages, spirits and vinegar

$199,385

$89,705

-55%

8.2

0

08

Edible fruit, nuts, peel of citrus fruit, melons

$17,156

$22,886

33%

0.5

0

72

Iron and steel

$16,886

$22,618

34%

0.3

0

27

Mineral fuels, oils, distillation products, etc

$4,965

$3,454

-30%

0.1

0

09

Coffee, tea, mate and spices

$2,758

$3,086

12%

0.2

0

20

Vegetable, fruit, nut, etc food preparations

$1,822

$1,877

3%

0.1

0

26

Ores, slag and ash

$1,541

$1,578

2%

0.1

0

28

Inorganic chemicals, precious metal compound, isotopes

$1,064

$1,430

34%

0.1

0

90

Optical, photo, technical, medical, etc apparatus

$542

$1,164

115%

0.00

0

03

Fish, crustaceans, molluscs, aquatic invertebrates nes

$0

$926

-

0.00

0

25

Salt, sulphur, earth, stone, plaster, lime and cement

$174

$893

413%

0.1

0

07

Edible vegetables and certain roots and tubers

$148

$756

411%

0.00

0

96

Miscellaneous manufactured articles

$160

$706

341%

0.00

0

12

Oil seed, oleagic fruits, grain, seed, fruit, etc, nes

$41

$699

1605%

0.00

0



Russian exports to Georgia


In 2015 Russia has exported to Georgia the following products (see Figure 3, Table 2):


▪ Mineral fuels, oils, distillation products, etc (33%)

▪ Cereals (20%)

▪ Animal,vegetable fats and oils, cleavage products, etc (5%)

▪ Tobacco and manufactured tobacco substitutes (4%)

▪ Miscellaneous edible preparations (3%)

▪ Cereal, flour, starch, milk preparations and products (3%)

▪ Electrical, electronic equipment (2%)

▪ Cocoa and cocoa preparations (2%)

▪ Milling products, malt, starches, inulin, wheat gluten (2%)

▪ Machinery, nuclear reactors, boilers, etc (2%)

▪ Pharmaceutical products (2%)

▪ Iron and steel (1%)

▪ Glass and glassware (1%)

▪ Essential oils, perfumes, cosmetics, toileteries (1%)


2015 showed a significant rise in Russian exports to Georgia of tobacco and manufactured tobacco substitutes (+382%). At the same time the exports of miscellaneous edible preparations (-34%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Georgia in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Georgia in 2015.png



Table 2. Key products exported from Russia to Georgia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

27

Mineral fuels, oils, distillation products, etc

$173,501

$200,873

16%

12.1

10

Cereals

$141,115

$123,278

-13%

81.5

15

Animal,vegetable fats and oils, cleavage products, etc

$21,176

$28,408

34%

29.1

24

Tobacco and manufactured tobacco substitutes

$4,553

$21,926

382%

3.6

21

Miscellaneous edible preparations

$27,287

$17,945

-34%

33.3

19

Cereal, flour, starch, milk preparations and products

$16,838

$17,658

5%

25.2

85

Electrical, electronic equipment

$10,946

$14,621

34%

1.6

18

Cocoa and cocoa preparations

$17,299

$14,476

-16%

28.4

11

Milling products, malt, starches, inulin, wheat gluten

$7,939

$14,436

82%

28.1

84

Machinery, nuclear reactors, boilers, etc

$12,194

$11,691

-4%

1.5

30

Pharmaceutical products

$14,640

$10,714

-27%

4

72

Iron and steel

$2,870

$8,310

190%

1.4

70

Glass and glassware

$11,735

$7,988

-32%

13.4

33

Essential oils, perfumes, cosmetics, toileteries

$6,892

$7,249

5%

6.2



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.



Table 3. Macroeconomic Indicators for Russia and Georgia. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Georgia

GDP in 2014, billion dollars

1,857.461

16.535

GDP in 2015, billion dollars

1,175.996

13.758

Inflation, average consumer prices, %

7.82

3.04

Volume of imported goods, billion dollars

282.6

6.6

Volume of exported goods, billion dollars

492.1

1.8

Population, millions

143.7

4.5


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