The company Serbia Cargo has opened the tender for forwarding services worth RSD 60 million. The tender envisages the regular and temporary import and export of, among other things, train engines, rail cars and equipment, the preparation of the accompanying documentation, as well as the preparation of the national transit document. The deadline for applying … Read more
Galt & Taggart noted in this week’s review that 5.2% of Georgia’s exports go to the European Union and 69.5% are sent to CIS countries. “5.2% of exports went to the European Union (-29.9% y/y), 69.5% to the CIS (+37.2% y/y) and 25.3% to other countries (+33.9% y/y),” they noted. “Further, imports into Georgia rose … Read more
According to analysts from First Ukrainian Agricultural Cooperative (FUAC), Ukraine’s barley exports in September (280,000 tonnes) will fall down by half compared to August (600,000 tonnes) due to a drop in purchases of this crop by China, which used to export more than half of Ukraine’s barley.
China’s focus will probably be shifted to Australian barley, which will be received in December-January. According to First Ukrainian Agricultural Cooperative (FUAC), without Chinese contracts, monthly exports of Ukrainian barley will not exceed 300,000 tonnes.
The domestic market starts to react to these changes: some traders are already stopping barley acceptance, switching to other crops, such as corn.
According to the analyst, there was a high correlation between the barley and wheat markets, and there will be a rise in both wheat and barley prices.
FUAC said that the notional barley prices are still in the range of $170-172 per tonne. The wheat market is expected to pull the barley market along with it. Therefore, a slight barley price increase may be expected by the end of August and beginning of September, but after that barley may become a more niche crop.
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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According to Ukrainian media reported with reference to the ministry’s press service, minimum export prices on certain agricultural products will be determined by the Ukrainian Agrarian Policy and Food Ministry in compliance with the International Rules for the Interpretation of Trade Terms and taking into account delivery terms.
The government set minimum export prices for honey, shelled and in-shell nuts, wheat, rye, barley, oats, corn, soybeans, rapeseeds, sunflower seeds, soybean oil, sunflower oil, rapeseed oil and pomace at a meeting on Tuesday.
It will be prohibited to export certain types of products if their prices as per a foreign trade contract are lower than the minimum export prices determined by the Agrarian Policy and Food Ministry for each type of product after introduction of an export guarantee regime.
Delivery terms will be taken into account by issuing a corresponding decision (order) before the 10th day of every month or, if such a day falls on a day-off, on the next working day. The ministry’s official website will publish minimum export prices that will come into effect the next day, while the government’s resolution will take effect ten days after its publication.
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The Ukrainian Agrarian Policy and Food Ministry will determine minimum export prices on certain agricultural products taking into account delivery terms and in compliance with the International Rules for the Interpretation of Trade Terms, Ukrainian media reported with reference to the ministry’s press service. At a meeting on Tuesday, the government endorsed a procedure for … Read more
The Information and Telecommunications Ministry said on Thursday that the Serbian IT industry reported exports of almost 2 billion Euro in the first half of the year. A press release said that those exports totaled 1.943 billion Euro and were up 18.84 percent compared to the first half of 2023 when they stood at 1.635 … Read more
The list of top trading partners of Georgia between the first seven months of this year was topped by Turkey with $1.80 billion, Russia with $1.42 billion and the United States with $1.07 billion, the National Statistics office said on Monday. The list of exports was headed by Kyrgyzstan ($587.5mln), Kazakhstan ($446.5mln) and Russia ($407.2mln), … Read more
Exports to Romania grew up by 11,361% in January,
Georgia’s foreign trade turnover attained $12.56 million In January-July 2024, showing a 1.6% increase compared to the same period last year. Exports demonstrated a 1.4% (3.53 million USD) decrease, while imports showed a rise by 2.9% (9.03 million USD).
GEOSTAT noted that the negative trade balance in January-July 2024 attained 5,504.5 million USD (43.8 percent of the foreign trade turnover).
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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Strong demand in regional markets and Russia drove an 8% increase of Serbia’s cosmetic product exports. It reached €36.8mn in the first five months of 2024.
The latest data from the Serbian Chamber of Commerce (PKS) report an unprecedented growth of Serbia’s cosmetic industry, with exports reaching record levels in the first five months of 2024.
According to Adrija Nikola Rankovic, a senior adviser at the Center for Strategic Analysis, Analytics, and Planning within the PKS, the value of exports from 2023 represents the largest volume of cosmetic product exports in the last five years.
He added that the export of cosmetic products grew up by about 40% compared to 2022 (€57.8mn) and reached a value of €80.2mn last year. The export of cosmetic products from Serbia is growing by about 12% annually since 2019.
Strong demand in regional markets as well as the Russian Federation has driven the growth. As Rankovic noted, about 50% of the total sales of cosmetics abroad are exported to the three most important and largest markets for cosmetics from Serbia: Bosnia and Herzegovina, Montenegro, and the Russian Federation.
EU markets, including Bulgaria, Austria, Romania, Slovenia, Croatia, Germany, and Hungary, albeit on a smaller scale, are being penetrated by Serbian cosmetic products. Serbian cosmetic products are also significantly present in Kosovo and North Macedonia.
The most exported products, which reached an annual export value of €33mn, include beauty and skincare items, along with perfumes and toilet waters, exports of which attained €10mn. Hair products (€7.5mn), deodorants (€5.5mn), and hair shampoos (€4.3mn) were among other notable exports.
Multinational and local companies, including Henkel Srbija, Esensa, Korpa, Beiersdorf and Sarantis led the charge in this export boom.
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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Ukrainian producers of organic food increased exports by 32.3% year-on-year to 75.340 million tonnes in the first half of 2024, Organic Standard LLC, the country’s first accredited certification body for organic production, said. “In the first half of this year our clients raised the bar for exports of organic products compared to previous years: 2024 … Read more