Russia’s Food Exports Earned Record Revenues Amid Soaring Global Food Prices

EOR service Russia

Russia earned record revenues from food exports in 2021, maintaining its newfound status as a net seller of agricultural products for the second consecutive year. The country exported $37.7 billion in foodstuffs, the Interfax news agency reported on Friday, citing stats from the AgroExport federal institute. The previous record of $30.5 billion was set in … Read more

Moldova, Ukraine to sign Agreement on construction of Cosăuţi-Yampil road bridge

IOR EOR DDP Moldova Ukraine

Cabinet approved in today’s meeting the signing of Agreement between the Government of the Republic of Moldova and the Government of Ukraine on the construction of the cross-border road bridge over the Dniester River, on the Moldovan-Ukrainian border, in the area of ​​Cosăuți – Yampil. The bridge will be 641 meters long, have two lanes, … Read more

Land Transit Through Kazakhstan Observes Positive Growth in 2021

Logistics services Kazakhstan

The road cargo transportation sector fully recovered in Kazakhstan in 2021 after a decline a year earlier, reported the ATI.SU, the international road freight exchange in Russia and the CIS. The costs for road cargo transportation through the country have not changed significantly while transportation to the country increased, especially in the direction of Russia … Read more

Georgia’s Foreign Trade Up 41.2% in January 2022

Georgia Foreign Trade

Georgia’s foreign trade turnover in January 2022 increased by 41.2% compared to the same period last year, amounting to USD 1.1 billion, according to preliminary estimates released by the National Statistics Office (Geostat) on February 21. Exports grew by 47.6% year-over-year to USD 331.3 million, while imports increased by 38.7%, reaching USD 779.1 million. Meanwhile, … Read more

Belarus interested in shipping more vehicles, equipment to Mongolia

Belarus EOR service

Belarus is interested in shipping more vehicles, equipment, and machines to Mongolia, BelTA has learned. Belarusian Industry Minister Piotr Parkhomchik met with Ambassador Extraordinary and Plenipotentiary of Mongolia to Belarus Batsukh Bayarsaikhan in the ministry on 23 February. Topical aspects of cooperation were discussed. The sides reaffirmed mutual interest and readiness to implement new projects … Read more

Azerbaijan, UK significantly boost trade

Azerbaijan EOR IOR DDP service

The trade turnover between Azerbaijan and the United Kingdom in January 2022 was $145.963 million, which is 6.1 times higher than the same period last year, the State Customs Committee has reported. Azerbaijan’s exports to the UK increased by 64.9 times in January, totaling $127.386 million in annual comparison, while imports decreased by 15.5 percent, … Read more

Ukraine: exports and imports of goods – 2021

According to the State Statistic Service, Ukraine’s exports of goods increased by 38.4%, imports of services grew by 32.9%.
Imports of Ukrainian goods showed growth by 34% compared to 2020, exports increased by 38.4%. The State Statistic Service informs that imports of services grew by 32.9 %, exports – by 14.2 %.
The amount of exports of Ukrainian goods grew by 38.4% compared to 2020, imports of goods increased by 34.4%. Nevertheless, foreign trade balance stayed negative. Ukraine dealt with 235 countries in 2021.
The main consumers of Ukraine’s production were China (up 12.7% compared to 2020), Poland (growth by 59.7%) and Turkey (increased by 70%).
Ferrous metals (growth by 79.7%), grain crops (increased by 14.8%), fats and animal or vegetable oils were main export deliveries.
Ukraine imported mostly from China (growth by 31.9%), Germany (increased by 17.7%) and Russia (up 33.9%).
In 2021 Ukraine imported mainly mineral fuels, oils and products of their distillation (growth by 79.5%), machinery and equipment (increased by 22.9%), chemical and related industries’ production (up 32.8 %).
The amount of Ukrainian services showed growth by 14.2% compared to 2020, while imports increased by 32.9%. Due to that, the balance of foreign trade in services in 2021 was positive. Foreign trade operations were conducted with 220 countries.
In 2021 Ukrainian services were mainly exported to Russia (fall by 26.6%), the USA (growth by 34%) and Switzerland (increased by 49.1%).
Transport services (growth by 6.5), telecommunications services, computer and information services (increased by 26.4%), material resources processing services were mainly sold by Ukraine in foreign markets in 2021.
Most services were imported by Ukraine from Turkey (growth by 112%), the USA (increased by 13.5%) and the UK (up 14.4%).
Ukraine imported transport services (growth 63.4%), travel services (increased by 124.5%) and business services (up 12.3%).

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Two green freeports to be established in Scotland

United Kingdom IOR EOR DDP Provider

The Scottish and UK governments have agreed to establish two green freeports in Scotland. The special economic zones, offering tax breaks and lower business tariffs, are being promoted by the UK government as part of its “levelling-up” agenda. The Scottish Greens, the SNP’s Scottish government partners, criticised the plans as “greenwashing” and said it was … Read more