Author’s post

According to Ukrainian media, Ukraine’s foreign trade deficit in goods grew up by 55.6% (from $1.5 billion in January 2024 to $2.34 billion in January 2025).
As the State Statistics Service said, exports of goods from Ukraine fell down by 11.5% year-on-year to $3.18 billion in January 2025, while imports achieved $5.51 billion (8.2% up).
Notably, the decline of Ukraine’s seasonally adjusted exports was $3.11 billion in January 2025 (4.7% month-on-month), while imports reached $6.21 billion (3.4% increase).
$3.1 billion was the seasonally adjusted trade deficit in January 2025.
0.58 (0.71 in January 2024) was the export-import coverage ratio in January 2025.
As the service said, the country conducted foreign trade operations with 189 countries.
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.

Source Link

The amount of the external merchandise trade (excluding non-declared trade) of Georgia equaled to USD 3 567.6 million in January-February2025 (15.6 % higher year-on-year). The exports reached 835.4 million (4.0 % higher), while the imports – USD 2 732.2 million (19.6 % higher). USD 1 896.9 million was the amount of the negative trade balance in the reporting period (53.2 % in external trade turnover).
The top ten trading partners by exports (Kyrgyzstan (USD 166.6 million), Kazakhstan (USD 100.7 million) and Azerbaijan (USD 97.7 million) had the share of 78.7 % in the total exports of Georgia in the reporting period.
The top ten trading partners by imports (the USA (USD 478.3 million), Russia (USD 344.3 million) and Türkiye (USD 337.9 million) had the share of 75.5 percent in the total imports of Georgia in January-February 2025.
The top ten trading partners in the total external trade turnover (the USA (USD 486.9 million), Russia (USD 416.2 million) and Türkiye (USD 384.3 million) had share of 71.9 percent in the total external trade of Georgia in the reporting period.
34.1 percent of total exports was accounted for motor cars in January-February 2025 (the first place in the list of top export items, USD 285.2 million). 4.7 percent of the total exports was accounted for precious metal ores and concentrates (USD 39.7 million). The third place was taken by exports of spirituous beverages (USD 29.4 million, 3.5 percent of the total exports).
Paintings, drawings and pastels (USD 481.1 million, 17.6 percent of the total imports) were the top import commodities in January-February 2025, followed by motor cars (USD 326.8 million, 12.0 percent of imports). Third in the top import commodity list were the petroleum and petroleum oils (USD 202.1 million, 7.4 percent of 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.

Source Link

An event hosted by the Kazakh-Georgian Economic Union presented the findings of PMCG’s policy paper “Facilitating Trade with Central Asia: Georgia’s Role as a Transit Corridor” on 24 December 2024.
Attendees were guided through the comprehensive document, which offers informed insights into the prospects and potential means of strengthening trade ties between Georgia and Kazakhstan, during proceedings by the founder of the Union, Giorgi Jakhutashvili.
Particularly, the document identified new, potentially profitable products for exchange and underscored Georgia’s pivotal role as a transit corridor for trade to and from Central Asia.
At first, distinguished guests, including the Ambassador of Kazakhstan to Georgia and representatives from the private sectors of both counties, discussed opportunities to enhance bilateral trade and economic collaboration.
Consequently, participants had a dialogue about PMCG’s paper and explored actionable steps to deepen trade relations, address the challenges identified in the document, and foster mutually beneficial partnerships.
As a result, stakeholders from both Kazakhstan and Georgia reinforced their shared commitment to expand economic ties.
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.

Source Link

The European Bank for Reconstruction and Development (EBRD) said that the European Union provided a 2.8 million euro ($3.0 million) grant for the development of a joint border railway station between North Macedonia and Serbia.
Previously, they signed the grant agreement in Skopje on Wednesday. The Western Balkans Investment Framework (WBIF) provided the funds and will finance construction and technical assistance.
According to the statement, the EBRD has already provided a 5 million loan for the project.
As it is planned, the borders will cross each other in North Macedonia’s Tabanovce on the Corridor X rail route. The aims of the project are to revamp the railway station’s existing buildings in line with energy efficient standards and to equip them with photovoltaic panels.
As North Macedonia’s transport minister Aleksandar Nikoloski hopes, with efforts from both sides, the one-stop-shop crossing will pave the way for restoring regular passenger rail service between Skopje and Belgrade.
According to the EBRD, North Macedonia’s railway sector alone got over 340 million euro of investments.
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.

Source Link

Ukrainian Agri Council head Andrei Dikun said in an interview with local media that 20% of the Ukrainian agricultural sector’s total output will be a maximum that it will export to the European market after Ukraine becomes a European Union member. The rest will go to traditional markets for Ukrainian agricultural products.
However, Dikun denied that the prospect of subsidies from the common EU budget is the main reason why Ukrainian agricultural enterprises want to gain access to the European market. He also mentioned Ukrainian farmers’ concern about the EU’s tough requirements for agricultural technologies. However, the excessively complex rules of the European Green Deal also concern European farmers.
Consequently, Dikun expressed his hope for the change of the Agricultural Policy by new European Parliament. He also mentioned that Ukrainian farmers needed a transitional period to study these rules well enough, to get used to them before following them.
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.

Source Link

Tin total, the ports and terminals of Georgia accepted 1 6831 ships in 2024. General cargo carriers made 38.5 percent of those ships, liquid bulk – 30.1 percent, container ships –22.5 percent, and dry bulk carriers, tugs and specialized ships – the rest of 8.9 percent. 34.0 percent more specialized carriers, 15.9 percent more – general cargo carriers, 6.7 percent more – liquid bulk, 14.1 percent less – container ships and 9.2 percent less – dry bulk were received by the ports and terminals of Georgia in 2024, compared to the previous year.
In 2024, 18.4 percent of the ships arriving at the ports and terminals of Georgia were Turkish, 16.1 percent –Panamanian, 8.7 percent –Liberian, 5.2 percent –Russian and the rest 42.0 of other countries.
Totally, 7.9 thousand passengers were served by Georgian seaports in 2024 (2.4 percent increase compared to the previous year). Notably, the share of passengers entered (51.0%) slightly exceeded the share of passengers departed.
In general, Georgia’s ports and terminals processed 5.8 percent more cargo than in 2024 (15 562.3 thousand tons), compared to the previous year. General cargo made 45.7 percent of freight carried, liquid bulk – 33.6 percent, and dry bulk – 20.7 percent.
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.

Source Link

An agreement to widen an existing free trade agreement between Georgia and Turkey will soon enable Georgian producers to increase export volume to Turkey by 20 percent.
Delegations of both countries met each other to finalize talks about widening the free trade agreement at the final round of negotiations that was held in Turkish capital city of Ankara.
They abolished the quotas set on Georgian lemon, kiwifruit, grape, dry fruit, fruit and vegetable cans, juices and food ingredients, but increased the quotas on honey and livestock animals.
Georgia’s Economy Minister Dimitry Kumsishvili headed Georgian delegation, while Turkey’s Economy Minister Nihat Zeybekci led the Turkish delegation.
According to statistics, Turkey is Georgia’s top trade partner, as trade turnover between the two countries in 2017 attained $1.58 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.

Source Link

Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk reported that bilateral trade between Egypt and Serbia has recently made a substantial leap from $94 million in 2022 to approximately $300 million in 2024.
According to the data, Serbian exports to Egypt totally equaled to around $41 million and Egyptian exports to Serbia achieved nearly $72 million. Approximately $180 million was contributed to the overall trade volume by the services sector, primarily tourism.
Ongoing cooperation between the two countries, including the launch of agricultural tractor manufacturing in Serbia by an Egyptian company in partnership with Serbian investors, was highlighted by Minister Farouk on Tuesday during Serbia’s National and Armed Forces Day celebration.
He spoke about Egypt’s potential as a gateway for Serbian products to African markets through the African Continental Free Trade Area (AfCFTA) Agreement. A converse hope for Serbia’s becoming a hub for distributing Egyptian agricultural products to Eastern European countries, leveraging the existing free trade agreement, was expressed by him.
An invitation to Serbian investors to explore opportunities in Egypt was also extended and by Minister Farouk. In his opinion, the country’s favorable investment climate and incentives designed to encourage foreign private sector participation make Serbia attractive for foreign investors.
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.

Source Link

As Ukrainian First Deputy Prime Minister and Economy Minister Yulia Sviridenko said following a meeting with Turkish Trade Minister Omer Bolat, Kiev and Ankara want to expand bilateral trade and to increase mutual trade from $6.2 billion in 2024 to $10 billion.
According to the State Statistics Service, downfall of Ukrainian exports from Turkey attained 6.8% year-on-year ($2.21 billion in 2024), decrease of imports from Turkey was 10.2% ($4.24 billion). 5.3% of exports of goods from Ukraine and 6.0% of imports were accounted for Turkey last year.
Cereals ($0.65 billion, up 12.7% year-on-year), fats and oil ($0.35 billion, down 56.1%), oilseeds ($0.22 billion, down 31.8%), and ferrous metals ($0.16 billion, up 84.5%) were the main items of Ukrainian exports to Turkey in 11M 2024.
Mostly oil and mineral fuels from Turkey ($0.55 billion, down 7.7% year-on-year), ferrous metals ($0.46 billion, up 28.6%), electrical machinery ($0.23 billion, down 9.3%), edible fruit and nuts ($0.20 billion, up 17.7%), and boilers, machinery ($0.20 billion, up 3.3%) were imported by Ukraine in 11M 2024.
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.

Source Link

The National Statistics office said on Wednesday that Georgia’s external trade turnover amounted to $2 billion in January (39.3 percent year-on-year increase). The United States ($361.7 million), the United Kingdom ($267.2 million) and Russia ($203.3 million) were top trading partners of the county.
An increase by 19.3 percent was shown by the value of exports ($403.9 million) and 45.5 percent by imports ($1.60 billion) last month.
Kyrgyzstan ($74.9mln), Azerbaijan ($46.2mln) and Kazakhstan ($45.2mln) headed exports, while the US ($357.3mln), the UK ($266.9mln) and Turkey ($172.9mln) topped imports.
Motor cars ($130 million, 32.2% of total exports), spirituous beverages ($14.3 million, 3.5%), copper ores and concentrates ($13.8 million, 3.4%) were the top export items.
Hand-made paintings, drawings and pastels ($481.1 million, 30% of total imports), motor cars ($151 million, 9.4%), petroleum gases and other gaseous hydrocarbons ($106.9 million, 6.7%) were the three top import commodities.
Locally produced goods worth $403.9 million were exported by the country last month (a 19.3 percent year-on-year increase).
According to the Office, the share of domestic exports in total exports constituted 46.1% and amounted to $186.3 million (11.6% increase).
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.

Source Link