Tatyana Gracheva

Growth of Georgia’s external merchandise trade in January-September 2023

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Georgia’s external merchandise trade (excluding non-declared trade) rose up by 16.5 percent in January-September 2023 compared to the same period of 2022 and reached USD 15 910.8 million. The growth of exports equaled to 12.7 percent (USD 4 607.4 million), while the imports increased by 18.2 percent (USD 11 303.4 million). The share of the negative trade balance in external trade turnover during the reporting period constituted 42.1 percent (USD 6 696.0 million).
The top ten trading partners by exports (Azerbaijan (USD 632.7 million), Armenia (USD 601.5 million) and Russia (USD 511.8 million) had the share of 80.5 percent in the total exports of Georgia during the reporting period.
The top ten trading partners by imports (Türkiye (USD 1 861.2 million), USA (USD 1 399.4 million) and Russia (USD 1 364.3 million) had the share of 70.8 percent in the total imports of Georgia in January-September 2023.
The top ten trading partners of Georgia in the total external trade turnover (Türkiye (USD 2 195.8 million), Russia (USD 1 876.0 million) and USA (USD 1 471.8 million) had the share of 68.8 percent in the total external trade turnover in January-September 2023.
The first place in the list of top export items was claimed by motor cars (USD 1 566.1 million and 34.0 percent of total exports) during the reporting period. The share of the exports of copper ores and concentrates in the total exports amounted to 9.5 percent (totally USD 438.1 million). The third place was occupied by the exports of wine of fresh grapes (USD 193.5 million, 4.2 percent of the total exports).
Motor cars were the top import commodities in January-September 2023 (USD 2 282.5 million, 20.2 percent of the total imports), followed by the petroleum and petroleum oils in (USD 816.4 million, 7.2 percent of imports). The third place in the top import commodity list was occupied by the medicaments put up in measured doses (USD 392.4 million, 3.5 percent of imports).

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Exports of electric cars more than doubled in January to August 2023 compared with the same period a year earlier

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Roughly 520,000 electric cars exported to the value of 23.9 billion euros Number of exported cars with combustion engine increased by 1.1 million, up 9.7% from the previous year’s level Exports and imports of hybrid vehicles declining From January to August 2023, 520,000 electric cars were exported; their value amounted to 23.9 billion euros. The … Read more

Exports up by almost 1 percent in August

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In August, the total volume of goods exports (adjusted for number of working days) rose by 0.6 percent year on year, as reported by Statistics Netherlands (CBS). The growth follows a few months of contraction. The increase in August was mainly seen in exports of machinery, appliances and transport equipment. Exports volumes of chemical products … Read more

Signing of India-UK trade pact hits hurdle FT

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New Delhi is reportedly facing troubles reaching a trade deal with London that has been in the works since 2021 India and Britain are unlikely to sign a free-trade agreement (FTA) this month as London is seeking “better terms” in the area of “goods and services,” the Financial Times reported on Wednesday, quoting unnamed officials. … Read more

Ukraine’s trade turnover reached $73.7B over nine months

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In January-September 2023, Ukraine’s trade turnover reached $73.7 billion. The relevant statement was made by the Ukrainian State Customs Service, an Ukrinform correspondent reports. “In January-September 2023, Ukraine imported $46.6 billion worth of goods and exported $27.1 billion worth of goods,” the report states. The taxable imports came to $38.3 billion, which is 82% of … Read more

Serbia, China sign free trade agreement

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Serbia and China have signed a free trade agreement that includes 10,412 Serbian products and 8,930 Chinese products, Serbia’s government said. Furthermore, the countries signed other agreements, including one about economic development policies, another to boost industrial and investment cooperation between Serbia and China, and a medium-term plan for jointly participating in the “Belt and … Read more

Netherlands Embassy is hosting three-day maritime event in Dhaka

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A three-day maritime event hosted by the Embassy of the Kingdom of the Netherlands in Bangladesh began in Dhaka on Thursday, together with Bangladesh’s largest maritime and offshore exhibition, BIMOX 2023.
They will organize a series of events, including a business networking event, seminar and match-making, to facilitate knowledge exchange and promote partnerships during the three-day “Maritime Future is Now: The Netherlands Approach to New Opportunities” program.
The first ever Netherlands Pavilion in Bangladesh is located in Hall-02 of the International Convention City Bashundhara (ICCB), Dhaka.
According to the embassy, the promotion of sustainable economic development and enhancing Dutch-Bangladeshi business partnerships in the maritime sector are the goals of the event.
The ceremony was also visited by senior officials from the Ministry of Shipping and Port Authorities.
Good insight into the rich expertise and innovative solutions in various areas of the Netherlands maritime sector will be offered by the seminar on “The Maritime Future is Now – The Netherlands Approach to New Opportunities”, scheduled to be conducted in the afternoon.
A future in which their innovations can help create vibrant, green and connected port cities and develop smart and zero-emission shipping is being promoted by the Dutch maritime sector.
Insights in the future of the maritime sector in Bangladesh will be offered by the Bangladesh side.
An “important milestone” in the longstanding relationship between the Netherlands and Bangladesh, particularly in the field of maritime cooperation as the bilateral relation, focusses increasingly on mutually beneficial trade and investment will be marked by the seminar.
The chief guest of the seminar will be Md Mostafa Kamal, Senior Secretary, Ministry of Shipping.
According to the Embassy, the strong ties between both countries and the mutual interest in further developing maritime and offshore industries will be shown by the participation of fifteen Netherlands maritime companies in the seminar.
Diverse sectors including shipbuilding, port infrastructure, maritime, delta technology and more are represented by such companies as: Boskalis, CDR International B.V., Damen Shipyards, Delta Context B.V., Heinen and Hopman, Hydromaster Propulsion, MELCAL Marine B.V., Marin, STC-Nestra BV, OCEANBOUND, Royal Haskoning DHV, Royal IHC, TerraworX, Van Oord and V-Step Simulation.
All visitors will be able to see the BIMOX 2023 exhibition and Netherlands pavilion till Saturday.

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Exports in August 2023: -1.2% on July 2023

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Exports (calendar and seasonally adjusted exports of goods), August 2023 127.9 billion euros -1.2% on the previous month -5.8% on the same month a year earlier Imports (calendar and seasonally adjusted imports of goods), August 2023 111.4 billion euros -0.4% on the previous month 16.8% on the same month a year earlier Foreign trade balance … Read more