Tatyana Gracheva

Economy minister reports a downfall of Ukrainian exports by nearly 50% in January 2025

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As First Deputy Prime Minister and Economy Minister Yulia Sviridenko said on social media, exports of Ukrainian goods by value stood at $3.1 billion and at 6.6 million tonnes by volume in January 2025, falling by nearly 50% from the 12 million tonnes recorded in January 2024.
Sviridenko highlighted the critical importance of logistics and the role of sea transport in it and ensured that the export would attain 6.6 million tonnes of goods.
Corn ($521 million, or 2.5 million tonnes), sunflower oil ($426 million, or 378 million tonnes), iron ores and concentrates ($247 million, or 3.1 million tonnes), wheat ($188 million, or 891,000 tonnes), insulated wire and cables ($104 million, or 6,000 tonnes), and soybeans ($90 million, or 223,000 tonnes) were Ukraine’s largest exports in January 2025.
Ukraine’s main trading partner, importing $1.8 billion worth of Ukrainian goods in January 2025, was the European Union.
Totally, Ukraine exported to countries outside the EU $1.3 billion last month. Egypt, Turkey, China, and the United States were the largest markets for Ukrainian goods.
A downfall by 3.6% or by $117 million was shown by Ukrainian exports and by 16.9% or by $1.04 billion by imports in January 2025 due to various factors (the seasonal decline in oilseed exports and smaller exports of metals, especially of iron ore).
Nevertheless, according to Sviridenko, goods for $41 billion in 2024 were exported by Ukraine, that means a 13.4% or $4.94 billion increase year-on-year.
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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Kazakhstan’s potential was emphasised as “one of important” export partners by Georgia’s Agriculture Minister

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Kazakhstan’s potential as “one of the important” agricultural food export partners for Georgia was emphasised on Wednesday by David Songulashvili, Georgia’s Minister of Agriculture and Environmental Protection.
Songulashvili commented on a series of meetings held during the ongoing visit of Georgian Prime Minister Irakli Kobakhidze to Almaty and emphasized Kazakhstan’s status as an agricultural country and its capacity to bolster Georgia’s agro-food sector.
A meeting between the Georgian Prime Minister and his counterpart, Oljas Bektenov, opened the two-day visit. As Kobakhidze emphasised during the meeting, his government was interested in welcoming Kazakh investors.
NH Logistics GEO has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Georgia and Eurasia, supporting many clients with their import/export shipments.

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U.S. Department of Agriculture downgrades forecast for Ukraine’s grain production by 13%, exports by 26% in 2024-2025 MY

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The United States Department of Agriculture (USDA) has reduced its forecast for Ukraine’s grain production by 13% and for exports by 26% due to exhausted stocks in the country, Ukrainian media reported, citing the USDA. According to the February forecast, the country’s final grain stocks in the 2024-2025 marketing year (MY, July 2024 – June … Read more

Agriculture Minister emphasises Kazakhstan’s potential as “one of important” export partners for Georgia

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David Songulashvili, the Minister of Agriculture and Environmental Protection of Georgia, on Wednesday emphasised Kazakhstan’s potential as “one of the important” agricultural food export partners for the country. David Songulashvili, the Minister of Agriculture and Environmental Protection of Georgia, on Wednesday emphasised Kazakhstan’s potential as “one of the important” agricultural food export partners for the … Read more

Ukrainian agricultural export insurance needed for additional $1 bln

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According to Ukrainian Agrarian Policy and Food Minister Vitaly Koval, another $1 billion is needed to expand the powers of the Export Credit Agency in insuring exports of grain crops and commodities.
As he said at the Grain Storage Forum in Kiev, the estimates were based on $200 per 5 million tonnes, which makes it $1 billion in total.
According to Koval, the government are exploring options of every existent institution and will be searching for additional funds to insure risks in agricultural exports and to enable Ukraine to draw the funds on international platforms in order to accumulate the money and increase agricultural exports.
Ukrainian agriculture’s limited access to cheap loans had also been admitted by Koval.
He said that an enterprise engaged in production and trade is underfunded, as loans account for only 9% (slightly more than UAH 100 billion) out of the total worth of Ukraine’s agricultural products (about UAH1.2 trillion).
Koval said that the global level of sufficient lending is 50%, and it stands at 202% of the gross domestic product in the United States. He also expressed great hopes on foreign assistance.
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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Georgia needs deep trade, economic ties with Kazakhstan to restore connectivity and transit function

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As Georgian Prime Minister Irakli Kobakhidze said on Wednesday, the Government’s “ambitious” task was restoring the country’s connectivity and transit function. He also highlighted the importance of deepening trade and economic ties with Kazakhstan as part of the effort.
A range of projects aimed at enhancing economic cooperation had been discussed during his meeting with his Kazakh counterpart Oljas Bektenov earlier today.
Kazakh government’s “firm decision” to enhance regional connectivity and “systematically” improve its infrastructure and conditions was also expressed and Georgia’s “significant” role in this process was emphasized during the meeting.
Satisfaction with the “active” cooperation between the two countries in developing the Trans-Caspian International Transport Route was expressed.
As Bektenov said, cargo traffic along this corridor has increased by 62 percent, reaching 4.5 million tonnes, over the past year.
He added that both countries serve as vital links in transcontinental transport corridors, offering efficient routes that connect Europe to China and Southeast Asia.
NH Logistics GEO has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Georgia and Eurasia, supporting many clients with their import/export shipments.

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Additional $1 bln needed for Ukrainian agricultural export insurance – minister

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Ukraine needs another $1 billion to expand the powers of the Export Credit Agency in insuring exports of grain crops and commodities, Ukrainian Agrarian Policy and Food Minister Vitaly Koval said. “The Agrarian Policy and Food Ministry and the Economy Ministry have done joint estimates, and I can tell you that we need around $1 … Read more