Georgian, Chinese economy ministers sign amendments to free trade deal

Georgia and China have signed a protocol on amendments to their existing free trade agreement, first announced 10 months ago. The document was signed by Georgia’s Minister of Economy and Sustainable Development, Mariam Kvrivishvili and China’s Minister of Commerce, Wang Wentao. Kvrivishvili said the updated agreement aims to align the deal with the modern trade … Read more

Ukraine and Serbia return to talks on free trade zone

The Serbian Economist has reported that Ukraine has resumed negotiations with Serbia on the creation of a free trade area because the current level of trade turnover between the two countries remains relatively low. This was stated by Ukrainian Ambassador to Serbia Oleksandr Litvinenko in an interview with the Interfax-Ukraine news agency. According to him, … Read more

African expansion for Ukrainian agriculture requires financial guarantees and shift from raw exports

The creation of the first Ukrainian agro-hub in Ghana is a positive step toward expanding Ukraine’s presence in the African market. However, to consolidate its position in the region, Ukraine needs to involve international financial institutions as security guarantors and move from exporting raw materials to supplying higher value-added products, said President of the Ukrainian … Read more

In January–March 2026 Georgia’s Foreign Trade attained USD 5.867 Billion (a 0.2% increase)

The National Statistics Office of Georgia (Geostat) reported on April 20 that Georgia’s external merchandise trade, excluding non-declared trade, totaled USD 5.867 billion in January-March 2026. It is a 0.2% year-on-year increase.
The exports increased by 23.4% to USD 1.723 billion. Meanwhile, the decline of imports was 7.1% (to USD 4.143 billion). The trade deficit (USD 2.419 billion) accounted for 41.2% of total external trade turnover.
Leading export destinations were China (USD 203.2 million), Kyrgyzstan (USD 190.9 million) and Russia (USD 145.5 million). 71.6% of Georgia’s total exports accounted for the top ten export partners.
The leading export commodity were motor cars (USD 364.5 million, 21.1%), petroleum and petroleum oils (USD 208.1 million, 12.1%) and precious metal ores and concentrates (USD 169.9 million, 9.9%).
Turkey (USD 657.3 million), Russia (USD 592.5 million) and China (USD 487.6 million) were the leading import partners. 70.2% of total imports accounted for the top ten import partners.
The list of imported commodities included motor cars (USD 632.2 million, 15.3%), petroleum and petroleum oils (USD 338.6 million, 8.2%), petroleum gases and other gaseous hydrocarbons (USD 204.1 million, 4.9% of total imports).
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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Financial guarantees and shift from raw exports are necessary for African expansion of Ukrainian agriculture

Ukraine has expanded its presence in the African market with the creation of the first Ukrainian agro-hub in Ghana. Nevertheless, according to President of the Ukrainian Agrarian Confederation (UAC) Leonid Kozachenko, it needs to involve international financial institutions as security guarantors and move from exporting raw materials to supplying higher value-added products. It will consolidate Ukraine’s position in the region.
Also, Leonid Kozachenko says that Ukrainian businesses have already invested in production in Africa or supplied grain independently. However, political instability and cases of piracy hindered these attempts. Kozachenko proposes involving UN structures, particularly the Food and Agriculture Organization (FAO), to minimize such risks. Nowadays, Ukrainian goods have the share of less than 5% in total imports of African countries. According to the expert, Ukraine should follow the example of Turkey and the United Arab Emirates to increase volumes. These countries supply processed goods (flour, pasta, and cereals) rather than raw materials.
Kozachenko suggests that the state’s strategic goal over the next 10 years should be attracting about $85–90 billion in investments into domestic processing. Due to this, Ukraine’s annual agricultural exports will increase from the current $27 billion to more than $120 billion.
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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Georgia’s Foreign Trade Up 0.2% to USD 5.867 Billion in January–March 2026

Georgia’s external merchandise trade, excluding non-declared trade, totaled USD 5.867 billion in January-March 2026, marking a 0.2% year-on-year increase, according to preliminary data released by the National Statistics Office of Georgia (Geostat) on April 20. China retained its position as Georgia’s largest export market, while Turkey remained the leading import partner, with motor cars continuing … Read more

Georgia’s exports increased by 24% year-on-year in March 2026 and reached $697 million.

As the Georgian National Statistics Service says, Georgia’s exports increased by 24% year-on-year in March 2026 and reached $697 million. It grew up by $135 million compared to the same period last year.
Imports increased by $67 million and attained $1.59 billion (an increase by 4%).
Total exports grew up by 23% year-on-year and reached $1.72 billion in the first quarter of 2026. Meanwhile, imports decreased by 7% to $4.13 billion.
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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Ambassador reports Ukraine’s return to negotiations on free trade area with Serbia

According to ambassador of Ukraine to Serbia Oleksandr Lytvynenko, trade turnover between Ukraine and Serbia is too little. That’s why they need a joint free trade area, which will promote the development of economic ties. It will also help both countries integrate into the European market.
Lytvynenko said that agricultural machinery and machine building are the most promising sectors of the cooperation.
The diplomat also said noted that ethnic style is very popular, as well as all sorts of handicraft items. He added that President Aleksandar Vucic patronized an Ethno-Network. Lytvynenko suggested trying to sell Serbian souvenirs, the same vyshyvankas, which the Serbs have in a different form. He underlined the closeness of Serbian and Ukrainian traditions, despite different roots.
Nevertheless, the ambassador expressed an opinion that now is “not the time to force events.”
Oleksandr Lytvynenko said that Ukraine must gradually strengthen its presence in Serbia. The first task is to strengthen the role of Ukraine in the information space. It is also important to increase cultural and information exchange, so that Ukrainians know more about Serbia, and Serbians know more about Ukraine first-hand.
As the ambassador believes, it is necessary to “bring Ukrainian experts and artists to Serbia, hold exhibitions, especially since there is something to show.”
Simultaneously, Lytvynenko noted that the lion’s share of economic ties between the USSR and Yugoslavia in the 1960s-80s “were, in fact, ties with Ukraine, but the Serbs are unaware of this, and there is much of that.”
As for the prospects of organizing a direct passenger rail link between Kyiv and Belgrade, Lytvynenko suggested to launch Belgrade-Budapest first. After that happens, it will be possible to assess the results.
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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Serbia signs a Memorandum of Understanding with Italy

Minister of Agriculture Dragan Glamočić signed a Memorandum of Understanding in Verona with his Italian counterpart Francesco Lollobrigida, thereby enhancing agricultural cooperation between Serbia and Italy across 22 areas. This includes, among other things, the exchange of experience, twinning projects, and joint participation in agricultural fairs. Glamočić told Tanjug news agency that action plans have … Read more