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An increase of 3.4% compared to the same period last year was shown by the overall external trade in the Republic of Serbia for the period January-August 2024 (USD 48591.9 million). Expressed in Euros, the increase attained 3.5% (EUR 44850.6 million).
A 1.5% growth compared to the same period last year was demonstrated by the value of exports (USD 21011.7 million or EUR 19393.5 million). The value of imports rose up by 5.0% (USD 27580.2 million) and by 5.1% expressed in Euros (EUR 25457).
The deficit increased by 18.0% in relation to the same period last year and attained USD 6568.5 million. Expressed in Euros, it rose up by 18.3% compared to the same period last year (6063.6 million).
A decrease by 2.6% was shown by the export – import ratio.
The highest level of the external trade in the reference period was registered with the counties with which agreements on free trade has been signed. 58.9% of total external trade are accounted for European Union member countries.
CEFTA countries are Serbia’s second major partners. The exports of cereals and produces thereof, beverages, oil and oil derivatives, road vehicles, and electricity made their gained surplus in external trade reach USD 2087.7 million (EUR 1926.7 million). Serbian exports in the referent period reached USD 3202.1 million (2955.3 EUR). Its imports equaled USD 1114.4 million (EUR 1028.6 million) and the export– import ratio was 287.3 %.
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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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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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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As Serbian President Aleksandar Vucic said on Wednesday during a visit to Belgrade, a free trade agreement between the two countries is going to be established soon by him and his Israeli counterpart, Isaac Herzog.
At a press conference Vucic said that it is extremely important for Serbia to conclude a free trade agreement with the state of Israel as soon as possible. He expressed his belief in mutual benefit for the both sides and confidence that it could be done much faster than normal procedures would dictate.
From his side, Herzog said during a discussion event after the press conference that it should be the main priority, as the achievement of a free trade agreement will bring the benefit to both peoples and help them achieve success together.
According to Vucic, improvement of relations on technology and artificial intelligence, AI had also been talked about. He mentioned a “huge space for cooperation” in areas such as scientific and technological cooperation that exists in further attracting Israeli investments but also in the field of cyber security, that has been discussed many times with Israeli officials.
Serbia reports that both domestic and international organisations monitoring surveillance has a track record of using various types of software produced by Israeli companies for surveillance of anti-government activists among others.
They listed Serbia’s Security Information Agency among users of the software of the Israeli company Circles In 2020, which makes it possible for the user to locate every phone in the country in seconds.
The release of Alon Ohel, who has dual Israeli and Serbian citizenship and has been held hostage by Hamas since its attack on Israel on October 7 last year was urged by both Herzog and Vucic.
Vucic’s condemnation of the Hamas attack in October 2023 was appreciated by Herzog. The war in Gaza that followed, and the mass atrocities reported by international organisations was mostly not talked about in Serbia.
According to a BIRN investigation, arms and/or ammunition worth just over 7.3 million euros were exported to Israel in July by Serbia’s main state-owned arms trader, Yugoimport-SDPR. Due to that, the total value of Serbian arms and ammunition exports to the country in 2024 was brought to 23.1 million euros.
Ongoing Israeli military operations in Gaza and the exports come together. Gaza’s Hamas-run health ministry reports that more than 40,000 Palestinians have been killed and more than 90,000 wounded. Israel’s need for arms is further fueled by an ongoing conflict with Hezbollah in Lebanon.
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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The National Statistics Office of Georgia reports that 7.5 times more vegetables were imported by Georgia in the first seven months of 2024 than were exported ($43.817 million in imports compared to $5.766 million in exports).
Tomatoes ($1.061 million), potatoes ($919,500), cabbage ($357,700), onions ($262,000), and lettuce ($40,500) were the top earners among the vegetables Georgia exported.
Tomatoes ($12.120 million), onions and garlic ($6.046 million), cucumbers ($4.885 million) and potatoes ($2.330 million) were listed among Georgia’s highest import expenses.
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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The total amount of external trade of the Republic of Serbia for the period January-July 2024 equalled to USD 42647.2 million (an increase by 2.6% compared to the same period last year) and EUR 39421.1 million (an increase by 2.8% compared to the same period last year).
An increase by 1.1% was demonstrated by the value of exports (USD 18497.4 million) when compared to the same period last year. A growth by 3.8% relative to the same period last year was shown by the value of imports (USD 24149.8 million).
The value of exports increased by 1.3% compared to the same period last year and reached EUR 17097.7 million. The value of imports grew up by 4.0% compared to the same period last year and attained EUR 22323.4 million.
An increase of 13.8% in relation to the same period last year was shown by the deficit (USD 5652.4 million). Expressed in Euros, the deficit increased by 14.2% compared to the same period last year and reached 5225.7 million.
A decrease by 2 % was demonstrated by the export – import ratio compared to the same period last year.
The highest level of the external trade with the counties with which Serbia has signed agreements on free trade was noted in the reference period. 59.5% of total external trade was accounted for European Union member countries.
The exports of cereals and produces thereof, beverages. road vehicles, oil and oil derivatives and electricity to the CEFTA countries brought Serbia surplus in external trade that amounted to USD 1816.6 million. Serbian exports in the referent period reached USD 2765.7 million, while the imports were USD 949.1 million, with the export– import ratio equalled to 291.4 %. Exports attained 2556.6 EUR and imports reached 877.3 million (surplus amounted to EUR 1679.3 million and export – import ratio equalled 291.4%).
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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Hungarian Agriculture Minister Istvan Nagy said at a meeting with Ukrainian Deputy Economy Minister and Kiev’s Trade Representative Taras Kachka in Budapest on Monday that ban on the imports of Ukrainian agricultural produce will be maintained, but its transit will be permitted. He also promised to try to persuade the European Union to draw up rules that will take Hungarian farmers’ interests into account.
As he said, the Autonomous Trade Measures adopted by Brussels will be in effect until June 5, 2025.
Poland will take over the EU presidency from Hungary in the first half of 2025 and plans to continue discussions on and the implementation of the EU’s green policy, amend the EU’s common agricultural policy and create conditions for Ukraine’s future membership in the EU.
Polish Agriculture Minister Czeslaw Siekierski mentioned Ukraine’s vast agricultural production potential and said that it is a large agricultural exporter. That makes amendment of the EU’s common agricultural policy and adoption of rules that would help keep individual EU agricultural markets stable necessary.
Temporary measures liberalizing trade with Ukraine were extended by the Council of the European Union for another year until June 5, 2025 on May 13, 2024. However, an “emergency brake” for imports of particularly sensitive food products from Ukraine, specifically sugar, eggs, poultry, oats, corn, groats and honey, was included. Restrictive measures are triggered by this emergency brake if imports of these products in 2024 exceed the average quantities imported in the second half of 2021 and in the course of 2022 and 2023.
Ukrainian duty-free exports to the EU market in the amount of 57,101 tonnes of poultry meat, 9,662 tonnes of eggs, 109,439 tonnes of sugar, 18,507 tonnes of honey, 4,648 tonnes of corn, 1,017 tonnes of oat, and 8,603 tonnes of groats between June 6, 2024 and June 5, 2025 is permitted by article 4(7) of the Regulation on Autonomous Trade Measures applicable to Ukrainian products under the EU-Ukraine Association Agreement.
Quotas are imposed on imports of Ukrainian eggs and sugar from June 2, 2024 to June 5, 2025 by the European Commission, as previously reported. It set the new quota at 9,662 tonnes of eggs and 109,440 tonnes of sugar. Moreover, it reinstated quotas on Ukrainian honey imports to the EU market on August 21. The EU will introduce a new tariff quota from January 1, 2025 to June 5, 2025, corresponding to 5/12 of the threshold that triggers the emergency brake. It will set the new quota for honey at 18,507 tonnes.
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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According to analysts from First Ukrainian Agricultural Cooperative (FUAC), Ukraine’s barley exports in September (280,000 tonnes) will fall down by half compared to August (600,000 tonnes) due to a drop in purchases of this crop by China, which used to export more than half of Ukraine’s barley.
China’s focus will probably be shifted to Australian barley, which will be received in December-January. According to First Ukrainian Agricultural Cooperative (FUAC), without Chinese contracts, monthly exports of Ukrainian barley will not exceed 300,000 tonnes.
The domestic market starts to react to these changes: some traders are already stopping barley acceptance, switching to other crops, such as corn.
According to the analyst, there was a high correlation between the barley and wheat markets, and there will be a rise in both wheat and barley prices.
FUAC said that the notional barley prices are still in the range of $170-172 per tonne. The wheat market is expected to pull the barley market along with it. Therefore, a slight barley price increase may be expected by the end of August and beginning of September, but after that barley may become a more niche crop.
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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