Trade between Ukraine and Turkey is to be boosted to $10 bln

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.

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Statistics Office reports that Georgian external trade increased by 39.3% y/y and attained $2 billion in January

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.

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Ukraine’s trade deficit in goods increases 6% in 2024 – Gosstat

Ukraine’s trade deficit in goods grew 6% in 2024 compared to 2023, from $27.384 billion to $29.018 billion, Ukrainian media reported, citing the State Statistics Service (Gosstat). According to the data, Ukraine’s exports of goods increased 15.3% year-on-year in 2024 to $41.733 billion while imports rose 11.3% to $70.751 billion. The seasonally adjusted export volume … Read more

Ukraine looks to boost trade with Turkey to $10 bln

Kiev and Ankara are interested in expanding bilateral trade and aim to increase mutual trade from $6.2 billion in 2024 to $10 billion, Ukrainian First Deputy Prime Minister and Economy Minister Yulia Sviridenko said following a meeting with Turkish Trade Minister Omer Bolat. “Last year, imports from Ukraine to Turkey totaled $2 billion, and the … Read more

Georgian external trade at $2 billion in January, up by 39.3% y/y – Statistics Office

Georgia’s external trade turnover amounted to $2 billion in January, posting a 39.3 percent year-on-year increase, with the list of top trading partners of the county topped by the United States with $361.7 million, the United Kingdom with $267.2 million and Russia with $203.3 million. Georgia’s external trade turnover amounted to $2 billion in January, … Read more

Economy minister reports a downfall of Ukrainian exports by nearly 50% in January 2025

As First Deputy Prime Minister and Economy Minister Yulia Sviridenko said on social media, exports of Ukrainian goods by value stood at $3.1 billion and at 6.6 million tonnes by volume in January 2025, falling by nearly 50% from the 12 million tonnes recorded in January 2024.
Sviridenko highlighted the critical importance of logistics and the role of sea transport in it and ensured that the export would attain 6.6 million tonnes of goods.
Corn ($521 million, or 2.5 million tonnes), sunflower oil ($426 million, or 378 million tonnes), iron ores and concentrates ($247 million, or 3.1 million tonnes), wheat ($188 million, or 891,000 tonnes), insulated wire and cables ($104 million, or 6,000 tonnes), and soybeans ($90 million, or 223,000 tonnes) were Ukraine’s largest exports in January 2025.
Ukraine’s main trading partner, importing $1.8 billion worth of Ukrainian goods in January 2025, was the European Union.
Totally, Ukraine exported to countries outside the EU $1.3 billion last month. Egypt, Turkey, China, and the United States were the largest markets for Ukrainian goods.
A downfall by 3.6% or by $117 million was shown by Ukrainian exports and by 16.9% or by $1.04 billion by imports in January 2025 due to various factors (the seasonal decline in oilseed exports and smaller exports of metals, especially of iron ore).
Nevertheless, according to Sviridenko, goods for $41 billion in 2024 were exported by Ukraine, that means a 13.4% or $4.94 billion increase year-on-year.
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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Kazakhstan’s potential was emphasised as “one of important” export partners by Georgia’s Agriculture Minister

Kazakhstan’s potential as “one of the important” agricultural food export partners for Georgia was emphasised on Wednesday by David Songulashvili, Georgia’s Minister of Agriculture and Environmental Protection.
Songulashvili commented on a series of meetings held during the ongoing visit of Georgian Prime Minister Irakli Kobakhidze to Almaty and emphasized Kazakhstan’s status as an agricultural country and its capacity to bolster Georgia’s agro-food sector.
A meeting between the Georgian Prime Minister and his counterpart, Oljas Bektenov, opened the two-day visit. As Kobakhidze emphasised during the meeting, his government was interested in welcoming Kazakh investors.
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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U.S. Department of Agriculture downgrades forecast for Ukraine’s grain production by 13%, exports by 26% in 2024-2025 MY

The United States Department of Agriculture (USDA) has reduced its forecast for Ukraine’s grain production by 13% and for exports by 26% due to exhausted stocks in the country, Ukrainian media reported, citing the USDA. According to the February forecast, the country’s final grain stocks in the 2024-2025 marketing year (MY, July 2024 – June … Read more