Tatyana Gracheva

A 3.0 % growth was demonstrated by the external merchandise trade (excluding non-declared trade) of Georgia in January-August 2024 (totally USD 14 700.8 million). 2.5 % increase was attained by the exports (4 173.9 million). The imports grew up by 3.3% (USD 10 526.9 million). The share of the negative trade balance in external trade turnover constituted 43.2 percent (USD 6 353.0 million) in January-August 2024.
The top ten Georgia’s trading partners by exports had the share of 81.7 % in the total exports in January-August 2024. Kyrgyzstan (USD 745.5 million), Kazakhstan (USD 538.2 million) and Azerbaijan (USD 476.0 million) were the top partners.
The top ten trading partners by imports had the share of 69.4 % in the total imports of Georgia in January-August 2024. Türkiye (USD 1 761.8 million), USA (USD 1 186.4 million) and Russia (USD 1 167.3 million) were the top partners.
The top ten trading partners had the share of 68.7 % in the total external trade turnover of Georgia in January-August 2024. Türkiye (USD 2 085.3 million), Russia (USD 1 636.2 million) and USA (USD 1 278.8 million) were the top trading partners.

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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According to the National Association of Sugar Producers of Ukraine, 691,800 tonnes of sugar have been exported by “Ukrtsukor” in the marketing year of 2023/2024 (approximately 77% of all exports). The main consumers of Ukrainian sugar are Italy (19%), Bulgaria (18%), and Hungary (14%), Cameroon (17%), Libya (15%) and Turkey (11%).
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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As the First Vice Prime Minister, Minister of Economy and Sustainable Development Levan Davitashvili, said in his speech at the official opening of the China International Fair for Trade in Services (CIFTIS), liberalization of trade in services and integration into the global economy are top priorities for Georgia.
Lowering barriers to trade in services will give businesses greater market access and attract more investment in key sectors such as ICT, finance, logistics and tourism. Free trade agreements facilitated this process of liberalization. Current exhibition is one of the largest profile events in the world and a good opportunity for the development of cooperation for both public and private sectors, including comprehensive chapters on services, which allow strengthening cooperation and market opportunities.
The First Vice Prime Minister said that implementing free trade agreements will help create new jobs and achieve sustainable economic growth in both traditional and emerging service sectors.
The importance of cooperation with China in the direction of trade in services, including the “Belt and Road” initiative and the free trade agreement with China in 2017, was also mentioned.
Free trade agreements were also signed between Georgia and the European Union, the European Free Trade Association (EFTA), Turkey, Hong Kong, and the United Arab Emirates (UAE).
Levan Davitashvili says that the strategic vision of the Georgian government to become the main hub of trade in the region is represented by these agreements.
Infrastructure, innovation and education get a significant investment from the government to ensure the competitiveness of the country’s economy and readiness for successful participation in the global markets of the future.
The strategic location of Georgia is the in the main focus of Levan Davitashvili’s speech.
He says that the need to diversify supply chains is growing, and the Middle Corridor through Georgia helps achieve this goal by shortening travel times and giving wider access to different regions and markets. Important infrastructure projects in all modes of transport, including the modernization of the East-West highway and railways, are being implemented.
According to Levan Davitashvili, the challenges that are faced require a collaborative work, sharing knowledge and making common decisions that benefit all parts. A perfect platform for this is offered by CIFTIS, and Georgia is proud to be a part of this dynamic exchange.
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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As Serbian President Aleksandar Vucic said on Wednesday during a visit to Belgrade, a free trade agreement between the two countries is going to be established soon by him and his Israeli counterpart, Isaac Herzog.
At a press conference Vucic said that it is extremely important for Serbia to conclude a free trade agreement with the state of Israel as soon as possible. He expressed his belief in mutual benefit for the both sides and confidence that it could be done much faster than normal procedures would dictate.
From his side, Herzog said during a discussion event after the press conference that it should be the main priority, as the achievement of a free trade agreement will bring the benefit to both peoples and help them achieve success together.
According to Vucic, improvement of relations on technology and artificial intelligence, AI had also been talked about. He mentioned a “huge space for cooperation” in areas such as scientific and technological cooperation that exists in further attracting Israeli investments but also in the field of cyber security, that has been discussed many times with Israeli officials.
Serbia reports that both domestic and international organisations monitoring surveillance has a track record of using various types of software produced by Israeli companies for surveillance of anti-government activists among others.
They listed Serbia’s Security Information Agency among users of the software of the Israeli company Circles In 2020, which makes it possible for the user to locate every phone in the country in seconds.
The release of Alon Ohel, who has dual Israeli and Serbian citizenship and has been held hostage by Hamas since its attack on Israel on October 7 last year was urged by both Herzog and Vucic.
Vucic’s condemnation of the Hamas attack in October 2023 was appreciated by Herzog. The war in Gaza that followed, and the mass atrocities reported by international organisations was mostly not talked about in Serbia.
According to a BIRN investigation, arms and/or ammunition worth just over 7.3 million euros were exported to Israel in July by Serbia’s main state-owned arms trader, Yugoimport-SDPR. Due to that, the total value of Serbian arms and ammunition exports to the country in 2024 was brought to 23.1 million euros.
Ongoing Israeli military operations in Gaza and the exports come together. Gaza’s Hamas-run health ministry reports that more than 40,000 Palestinians have been killed and more than 90,000 wounded. Israel’s need for arms is further fueled by an ongoing conflict with Hezbollah in Lebanon.
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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