Georgia’s beverage sector has the greatest potential for exports to the EU, says EU-commissioned report
The United Nations Development Programme (UNDP) has published a new study commissioned by the European Union that identifies sectors and sub-sectors of the Georgian economy where small and medium-sized enterprises (SMEs) have established or potential opportunities to export to the EU and European countries.
The analysis compiled a comprehensive dataset covering 33 sectors of manufacturing and service provision. Among the sectors, six were identified as best positioned to enable SMEs to increase their exports.
The manufacturing of beverages sector received the highest score, 58 per cent, primarily due to its strong performance in export competitiveness indicators. From 2020 to 2023, wine emerged as the primary export product, followed by mineral and aerated waters, waters containing added sugar, and then spirits distilled from grapes.
The transport sector, 56 per cent, demonstrates positive performance in the areas of market demand and employment dynamics. Its high ranking in the market demand dimension is primarily driven by high and rapidly growing demand in the EU market.
The telecommunications, computer, and information services sector, 54 per cent, secured third position due to robust performance in the area of market demand.
The other three sectors are apparel manufacturing (53%), metal ore mining (53%) and basic metals manufacturing (50%).
The study was prepared by ISET – International School of Economics. It was conducted using both quantitative and qualitative data collected from multiple sources. This included a desk review and data collection from statistical agencies and other publicly available sources, and from interviews with key informants.
Find out more
MOST READ
[popular_posts columns_xl=”4″ columns_l=”4″ columns_m=”3″]
