Tatyana Gracheva

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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According to Ukrainian Deputy Economy Minister and Trade Representative Taras Kachka, Ukraine’s goods exports rose by 9% month-on-month and amounted to $2.969 billion in money terms in July 2024, while in physical terns, the country’s exports decreased by 0.6% in the same period, mainly due to the seasonal change of exported crops.
Only 1.56 million tonnes of corn were delivered in July, so the corn exports declined by 44.4% month-on-month, and by 60% compared with April’s high of 4.1 million tonnes.
Kachka suggested to raise exports of wheat and rapeseed. In July 1.58 million tonnes of wheat were exported by Ukraine, up 44% month- on-month, and almost twice as much as last July, when they exported 823,000 tonnes. 277,000 tonnes of rapeseed were also supplied by Ukrainian producers abroad in July (13.5% up year-on-year). Exports almost doubled compared to June and reached 580,000 tonnes in July.
Even the core area always gives an opportunity to produce goods with a higher price and more added value.
38 categories of goods bringing more than $10 million are included in Ukraine’s exports: glassware (they have not fallen below $10 million over the past 12 months, and for several months have reached $12 million), carpentry and joinery products, (usually range from $14 million to $16 million per month), as well as furniture (worth $37.9 in July).
Records with 219,000 tonnes of semi-finished products were also set by metal industry (up 83% compared to June).
A change with regard to maritime transport exporting 6.25 million tonnes in July, down 0.4% month-on-month, was seen by the transport industry. 2.609 million tonnes were exported by rail transport (down 3% month-on-month). Road transport supplied 825,000 tonnes (up 5.5% compared to June).
56% of exports are still accounted for the European Union ($1.67 billion). The leading consumers of Ukrainian products are Poland ($358 million), Spain ($190 million), Germany ($178 million), the Netherlands ($147 million) and Italy ($136 million).
Goods worth $175 million were exported to China. It is still the largest market outside EU countries, regardless a 3.1% downfall. A 17.5% growth was shown by exports to Egypt in July (month-on-month to $143 million) and by 32.7% (to $134 million) by exports to Turkey. $89 million of products were sold to India (a 137% growth).
Moldova ($87 million), Lebanon ($44 million), Algeria ($39.5 million), the United States ($39.2 million), Israel ($39 million), and Indonesia ($38.5 million) were also named among the top 10 export destinations for Ukraine outside the EU.
Ukraine’s imports were estimated at $5.3 billion in July 2024, including fuel ($604 million), cars ($306 million), medicine ($156 million), complex fertilizer ($102 million) and electricity ($120 million).
They extended grain transshipment contract between Ukraine’s Nibulon and Romania’s TTS.
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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