During the period, Ukraine imported $52.6 billion worth of goods and exported $26.3 billion worth of goods Ukraine’s trade turnover in January-August 2025 amounted to $78.9 billion, according to data from the State Customs Service. During this period, goods worth $52.6 billion were imported into Ukraine, while exports amounted to $26.3 billion. Taxable imports amounted … Read more
Serbian President Aleksandar Vučić stated today in Beijing, during a meeting with Chinese President Xi Jinping, that Serbia and China are firm friends and that trade between the two countries has never been greater, adding that the Global Governance Initiative, proposed by the Chinese leadership, is a good concept that Serbia will always support. Vučić … Read more
Tbilisi hosted a roundtable meeting between Georgian and Romanian business representatives, co-organized by the EU-Georgia Business Council (EUGBC) and the Georgian-Romanian Chamber of Commerce. Discussed topics included opportunities for stronger cooperation in trade, investment, transport and energy. Romania’s Ambassador: Untapped potential in Black Sea partnership Romania’s Ambassador to Georgia, Razvan Rotundu, pointed our the great … Read more
Russian and Ukrainian grain shipments demonstrated a sharp downfall year-on-year between January and August 2025.
According to Filipe Gouveia, Shipping Analysis Manager at BIMCO, Russian and Ukrainian grain shipments have decreased by 49% combined year-on-year between January and August 2025. The decrease of grain harvests by 12% and 6% respectively in the second half of 2024 caused a smaller export surplus of both countries. As a result, the combined production from both countries fell by 10%.
Consequently, Russian wheat export quota has been cut by 63% between February and June 2025.
Ukraine has maintained its seaborne shipments, but wheat and maize are now excluded from the the revised deal after the expiration of the EU’s tariff-free trade agreement for Ukrainian agricultural exports in June.
Last year, Russian and Ukrainian grain exports took the fourth and fifth places in the world. Russia was the leader in wheat exports, while Ukraine had the fourth place in maize and fifth in wheat exports. Nevertheless, Ukrainian wheat and maize yields dropped by 33% compared to the last harvest. Opposingly, there was a 9% increase of Russian wheat yields.
Gouveia says that an estimated 6% decline in global grain shipments between January and August 2025 happened because of weakened shipments out of Russia and Ukraine. However, shipments from the US, Canada, Australia, Argentina and Romania increased and have partially offset the weaker cargoes from Russia and Ukraine. Generally, demand for panamax, supramax and handysize ships has been negatively affected by this.
Ports in the Mediterranean, the Black Sea and the Middle East have been the destination of 70% of grain shipments from Russia and Ukraine this year. This shows a 13 percentage points raise compared to the previous year, opposite to a 62% drop year-on-year of shipments to East Africa and to South, Southeast and East Asia.
According to Gouveia, they expect a partial recovery in Russian and Ukrainian grain shipments over the next twelve months. The USDA also anticipates a 19% surge in Ukrainian maize yields. Nevertheless, an expected 2% increase in Russian yields wheat and an 8% decline in Ukraine may make shipments remain stable. In general, they expect grain production of the both countries to fall by 6% compared to pre-war levels.
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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In 2024, Russia and Ukraine were the fourth and fifth largest grain exporters globally Russian and Ukrainian grain shipments fell sharply year-on-year between January and August 2025, amid weaker harvests and disruptions caused by the war. “Russian and Ukrainian grain shipments are estimated to have plunged 49% combined year-on-year between January and August 2025. Both … Read more
Serbia’s trade gap widened by an annual 7.8% to 5.1 billion euro ($5.9 billion) in the first seven months of the year, the statistical office said on Friday. In January-July, exports rose by an annual 9.8% to 19.323 billion euro, while imports increased by 9.3% to 24.427 billion euro, the statistical office said in a … Read more
Herald Media Group CEO Choi Jin-young (left) and Georgian Ambassador to Korea Tarash Papaskua pose for a photo at the Herald Square Herald Corp. headquarters in central Seoul, Friday. (Sanjay Kumar/The Korea Herald) Georgian Ambassador to Korea Tarash Papaskua and Herald Media Group CEO Choi Jin-young discussed ways to deepen Georgia–Korea economic cooperation during a … Read more
The Experts Club Information and Analytical Center analyzed updated data on Ukraine’s foreign trade for the first half of 2025, based on official customs statistics covering 49 key trading partners worldwide. The study highlights trends that reflect the country’s deepening international integration. China remains Ukraine’s largest trading partner, with a total trade turnover of nearly … Read more
More than half of companies in the trade sector (57.4 percent) rated the business climate in the first quarter of 2025 as worse compared to the previous quarter, while 37.3 percent considered it unchanged. Regarding expectations, 18.1 percent of companies expect a worse business climate in the second quarter, while around 47 percent expect it … Read more
According to 57.4 percent of companies in the trade sector, the business climate in the first quarter of 2025 has worsened compared to the previous quarter. 37.3 percent assess it as unchanged.
As he Serbian Chamber of Commerce survey on the business activity of the domestic economy shows, 18.1 percent of companies expect business climate to worsen in the second quarter. Nearly 47 percent expect it to remain unchanged.
Also, turnover of 54.2 percent of trade companies dropped in in the first quarter of 2025 compared to the previous quarter, while business turnover of 29.3 percent was unchanged. Turnover of 16.5 percent of respondents even increased compared to the previous quarter. 51.3 percent have high expectations concerning the level of turnover in the second quarter.
As the Statistical Office of the Republic of Serbia reports, there were totally 370,285 employees in retail and wholesale trade and real estate activities in the fourth quarter of 2024 (an increase of 0.1 percent compared to the same quarter of 2023, 15.9 percent of total employment in Serbia).
Retail trade (211,123) and wholesale trade, excluding motor vehicles and motorcycles (117,528) have most employees. Real estate activities have least employees (9,201), with the highest year-on-year percentage increase in employment (0.5 percent).
Employment levels have remained unchanged for nearly 74 percent of companies in the trade sector in the first quarter of 2025.
Also, wholesale trade, excluding motor vehicles and motorcycles, offers the highest average salary (3.9 percent higher than the national average) with a real growth of 8.2 percent.
Notably, real estate activities offer salaries 4.5 percent lower than the national average, wholesale and retail trade and vehicle repair offer salaries 21.9 percent lower. Only retail salaries exceeded the national average by 29.7 percent.
Also, a net inflow of foreign direct investment (FDI) of 117 million euros from resident investments was recorded in wholesale and retail trade and real estate activities in the fourth quarter of 2024. Particularly wholesale trade demonstrated the highest level of non-resident investment activity (54.3 million euros), then followed and retail trade, excluding motor vehicles and motorcycles (35.9 million euros). Opposingly, real estate activities showed the lowest net FDI inflow (9.2 million euros).
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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