The overall external trade in the Republic of Serbia for the period January-August 2024 amounted to: – USD 48591.9 million – which was an increase of 3.4% compared to the same period last year; – EUR 44850.6 million – which was an increase of 3.5% compared to the same period last year. The value of … Read more
Marine vessels entering Georgian ports will receive online services through a “single window” starting October 1, the country’s Maritime Transport Agency reported. “The application of the single window principle resulted in the creation of an integrated system. All government and private agencies whose permission is needed for vessels to enter port are participating in the … Read more
The Civil Aviation Agency of the Ministry of Economy and Sustainable Development reports that Georgian Airlines lead on air cargo transportation in Georgia in January-August 2024 with 574 cargo flights performed through Tbilisi International Airport.
The second place in the ranking of TOP-5 cargo airlines by number of performed flights belongs to Turkish Cargo with 92 flights in the reporting period.
The third position was taken by Geo Sky with 76 flights to Tbilisi International Airport in January-August 2024.
The Estonian airline Airest is fourth in the rating is with 68 flights in 8 months on the Georgian air cargo market.
The fifth place is occupied by Turkish airline MNG Airlines with 51 flights to Georgia in 8 months.
Cargo flights are currently served only by Tbilisi Airport.
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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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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The National Association of Sugar Producers of Ukraine claims that “Ukrtsukor” has exported 691,800 tonnes of sugar in the marketing year of 2023/2024. Besides, as it constitutes approximately 77% of all exports, a fair share of the exports fell on the EU states. Italy, Bulgaria, and Hungary are among the main consumers of sugar exported … Read more
The total export of services in the information and communication technology (ICT) sector amounted to 2.306 billion euros from January to July, representing a 20 percent increase compared to the same period last year, according to the National Bank of Serbia. In July 2024, ICT service exports totaled 362 million euros, which is 29 percent … Read more
In January-August 2024 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 14 700.8 million, 3.0 percent higher year-on-year. The exports equaled 4 173.9 million (2.5 percent higher), while the imports stood at USD 10 526.9 million (3.3 percent higher). The negative trade balance was USD 6 353.0 million in January-August 2024 … Read more
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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During the period, Ukraine imported goods worth $45.1 billion, and exported $27.5 billion In January-August 2024, Ukraine’s trade turnover totalled $72.6 billion. This is according to the State Customs Service. During the first 8 months of 2024, Ukraine imported goods worth $45.1 billion and exported – $27.5 billion. At the same time, taxable imports amounted … Read more