Russian Vodka Exports Down 40%
- New Europe Investor
- March 01, 2016
Russian vodka exports fell by 40% in 2015 compared to the previous year based on US dollar values.
The dramatic fall has been primarily attributed to political factors with Ukrainian imports of Russian vodka falling dramatically.
According to figures released by the Research Centre of Federal and Regional Alcohol Markets (TSIFRRA), the volume of physical exports fell by 42% in 2015 compared to the previous year.
In dollar terms, the value of exports fell from $187 million to $111 million. These numbers have brought Russian vodka exports to 2005 levels.
Analysis of the figures show the UK and Germany are the largest importers of Russian vodka, importing $45 million worth of the product between them in 2015.
Ukraine were the largest importer a couple of years ago before the political deterioration between the two countries, with 2013 imports statistics showing $38.6 million. Ukraine only imported $4 million worth in 2015. This represents a fall of 90% over a two year period.
The three other major importers of Russian vodka include; Latvia, the US and Azerbaijan.