Ukraine’s foreign trade deficit in goods increased 76.6% to $5.014 billion in January-February 2025 from $2.839 billion in the respective period of 2024, Ukrainian media said, citing the State Statistics Service. Exports of goods from Ukraine dropped 13% year-on-year to $6.288 billion in January-February 2025, while imports rose 12.3% to $11.303 billion, the State Statistics … Read more
The exports of Serbia’s information and communication technologies (ICT) sector rose by an annual 17% in the first two months of 2025, reaching 709 million euro ($806 million), the Office for Information Technologies and eGovernment said on Wednesday. In the January-February period, the trade surplus in ICT services amounted to 568 million euro, the office … Read more
Relations between Azerbaijan and Georgia have long transcended the typical framework of neighborly cooperation. They stand today as a model of strategic partnership, bound by deep-rooted historical ties, mutual respect, and shared visions for the South Caucasus. The recent official visit of Georgian President Mikheil Kavelashvili to Baku—his first foreign trip since taking office—underscored the … Read more
As the Ukrainian State Customs Service reported on Tuesday, the country’s exports of titanium-containing ores and concentrate reduced in physical terms by 88.1% year-on-year in January-March 2025 (to 277 tonnes) and by 87.1% in value (to $496,000).
Uzbekistan (35.61%), Turkey (35.01%) and Egypt (29.38%) were the main exporters.
China exported to Ukraine 22 tonnes of titanium-containing ore worth $37,000 in the first quarter of 2025.
According to reports, the slash of Ukraine exports of titanium-containing ores in physical terms attained 37.5% year-on-year in 2024 (7,284 tonnes). The decline of exports of titanium-containing ores and concentrate in value was 40% ($11.654 million). Turkey (62.82%), Egypt (7.38%) and Poland (6.93%) were the main importers.
Ukraine’s import of titanium-containing ore attained 314 tonnes and was worth $492,000. In 2024, 87.78% of it came from China, 6.11% from Vietnam and 6.11% from Senegal.
Meanwhile, experts noted the difference between the supplies of titanium-containing ores from companies and the statistics by the State Customs Service. Nevertheless, the State Customs Service referred to restrictions imposed on the volume of export-import operations and didn’t provide the complete statistics on exports of titanium raw materials.
The State Customs Service said that the statistical exports from Ukraine included these supplies, but the statistics of foreign trade published by the State Customs Service did not reflect them. As the regulations say, when protecting data for confidentiality purposes, they report in full any information that they deem confidential at the next, higher level of aggregation of data on the goods.
In accordance with the corresponding order, the list of data containing sensitive information in the State Customs Service includes the information on customs clearance and movement of goods subject to export control across the Ukrainian customs border.
Mainly the United Mining and Chemical Company PJSC now mines the titanium-containing ores in Ukraine. It manages the Volnogorsk Mining and Metals Plant (VGMK), located in the Dnepropetrovsk region, and the Irshansk Mining and Processing Plant (IGOK), based in the Zhitomir region. Other important mining companies are the Mezhirichinsky GOK LLC and the Valki-Ilmenit LLC, both located in Irshansk, Zhitomir region. Also, a mining and processing plant was built by the Dnepr-based Velta production and commercial firm at the Birzulovskoye deposit with an annual capacity of 240,000 tonnes of ilmenite concentrate.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.
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Ukraine reduced exports of titanium-containing ores and concentrate in physical terms by 88.1% year-on-year in January-March 2025 to 277 tonnes, Ukrainian media reported, citing the statistics published by the Ukrainian State Customs Service on Tuesday. Exports of titanium-containing ores and concentrate fell 87.1% to $496,000 in value, it said. The main exports went to Uzbekistan, … Read more
President of Kazakhstan Kassym-Jomart Tokayev held a phone talk with President of Serbia Aleksandar Vučić to discuss the current state and future of bilateral cooperation between the two countries, Trend reports. During the call, both leaders positively assessed the ongoing development of Kazakh-Serbian relations and reaffirmed their mutual commitment to further strengthening cooperation. They reviewed … Read more
The US has imposed a 10% tax on goods imported from Armenia, Azerbaijan, and Georgia as part of sweeping new tariffs on almost every country in the world. It came as part of US President Donald Trump’s proclaimed ‘liberation day’, during which he unveiled tariffs of between 10% and 50% on goods imported into the … Read more
The total external trade in the Republic of Serbia for the period January – February 2025 reached USD 11533.9 million (an increase of 0.1% compared to the same period last year).
Nevertheless, the value of exports decreased by 5.1% (0.6% in Euros) and attained USD 4853.5 million (EUR 4675.1 million), while the value of imports increased by 4.2% (9.0% in Euros) and reached USD 6680.4 million (EUR 6435.0 million) compared to the same period last year.
The increase of the deficit was 40.8% (47.0% in Euros) (USD 1826.9 million/ EUR 1759.8) in relation to the same period last year.
The decline of the export – import ratio was 79.8% compared to the same period last year.
56.1% of total external trade was accounted for European Union member countries, with which Serbia has signed agreements on free trade.
The CEFTA countries were Serbia’s second major partner. The exports of electricity, cereals and produces thereof, oil and oil derivatives, medical and pharmaceutical products and beverages gave gained surplus in external trade equal to USD 477.1 million. Serbia’s exports in the referent period reached USD 745.4 million (EUR 717.8 million), while the imports were USD 268.3 million (EUR 258.7 million). The export– import ratio was 277.8 % (surplus amounted to EUR 459.1 million and export – import ratio equalled 277.5%).
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.
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A complaint has come from members of the European Business Association (EBA) in Ukraine against the Polish customs that practically blocked woodworking industry products since March 15.
As the preliminary information of the EBA reports, the Polish side is stopping shipments to verify the origin of raw materials used by Ukrainian manufacturers, particularly to ensure compliance with sanctions. Nevertheless, the member companies of the EBA’s Woodworking and Furniture Committee have not got any specific claims regarding document discrepancies or violations from the Polish customs authorities.
As Ukrainian businesses claim, they have produced all the customs clearance documents required by Polish customs authorities, including supply contracts with branches of the Forests of Ukraine state company, delivery notes, logging tickets, certificates of origin, and other essential documents confirming the legality and transparency of their operations.
Nevertheless, despite all the required documents confirming the legality and origin of the raw materials, they continue to delay and block shipments, and the companies have to pay extra costs because of downtime and having to adjust their routine logistics chains.
As a result, production can be shut down due to prolonged shipment blockages, export contracts can be lost, mass layoffs, and a shortfall in tax revenues at all levels are also possible.
Consequently, the Ukrainian government, the Foreign Ministry, and the Economy Ministry should urgently help probe the reasons behind the blockages and find ways to settle the problem.
As the EBA pointed out, in 2023 and 2024 Polish customs authorities already caused a significant loss of European market clients for Ukrainian producers and seriously affected the competitiveness of domestic enterprises by similar actions.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.
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Members of the European Business Association (EBA) in Ukraine have complained that woodworking industry products have been practically blocked at the Polish customs since March 15, Ukrainian media reported with reference to the EBA’s statement available on its website. “According to preliminary information, the Polish side is stopping shipments to verify the origin of raw … Read more