State Statistics Service reports a 55.6% deficit of Ukraine’s foreign trade in Jan 2025

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.

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A 15.6% growth of Georgia’s external merchandise trade in January-February 2025

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.

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Ukraine’s foreign trade deficit up 55.6% in Jan 2025 – State Statistics Service

Ukraine’s foreign trade deficit in goods increased 55.6% to $2.34 billion in January 2025 from $1.5 billion in January 2024, Ukrainian media said, citing the State Statistics Service. Exports of goods from Ukraine dropped 11.5% year-on-year to $3.18 billion in January 2025, while imports rose 8.2% to $5.51 billion, the State Statistics Service said. Ukraine’s … Read more

External trade, January 2025

The overall external trade in the Republic of Serbia for the period January 2025 amounted to: – USD 5356.0 million – which was an increase of 0.6% compared to the same period last year; – EUR 5182.9 million – which was an increase of 6.4% compared to the same period last year. The value of … Read more

Georgia’s external merchandise trade up 15.6% in January-February 2025

In January-February 2025 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 3 567.6 million, 15.6 percent higher year-on-year. The exports equaled 835.4 million (4.0 percent higher), while the imports stood at USD 2 732.2 million (19.6 percent higher). The negative trade balance was USD 1 896.9 million in January-February 2025 and … Read more

Georgia’s domestic exports down in January-February

In January-February 2025 the exports of Georgia (excluding non-declared exports) equaled USD 835.4 million, 4.0 percent higher year-on-year. Share of the domestic exports in total exports constituted 46.5 percent and amounted to USD 388.5 million, 1.3 percent lower to the same period of 2024. In January-February 2025 the share of the top ten trading partners … Read more

Georgia is a Transit Corridor in Trade with Central Asia

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.

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EU gave N. Macedonia and Serbia grant for joint border railway project

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.

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Ukraine’s rolled metal exports falling

Ukraine’s exports of rolled metal products plummeted between 2021 and 2024, Deputy Economy Minister and Trade Representative Taras Kachka said. The top three commodity groups where exports saw the largest declines in terms of value over those four years also include iron ores and iron concentrates (-$4.1 billion) and semi-finished steel products (-$3.17 billion), Ukrainian … Read more