The exports of Serbia’s information and communication technologies (ICT) sector rose by an annual 20% in the first ten months of 2024, the Office for Information Technologies and eGovernment said on Wednesday. In the January-October period, the value of Serbia’s ICT sector exports reached 3.342 billion euro ($3.5 billion), resulting in a trade surplus of … Read more
Georgia’s external trade turnover reached $21.1 billion between January-November, reflecting a 6.6 percent increase compared to the same period last year. Georgia’s external trade turnover reached $21.1 billion between January-November, reflecting a 6.6 percent increase compared to the same period last year, the National Statistics Office said on Friday. Exports climbed by 7.9 percent to … Read more
In October 2024, Serbia exported goods worth €2.6 billion, reflecting a 4.4% increase compared to the same month last year. However, imports continue to grow at a faster pace, amounting to €3.5 billion, an 8.7% rise compared to October 2023. Based on these figures, Serbia’s total external trade in goods for the period January–October 2024 … Read more
Compared to the previous year, Georgia-EU trade turnover increased by 9.8% (USD 362 million) in January-October 2024 and exceeded USD 4 billion. It makes 2024 a record year in terms of trade with the EU, taking into account that the turnover for 2023 amounted to USD 4.5 billion. 88% of the trade turnover with the EU accounted for imports in the first ten months of this year. The volume of exports was only USD 456 million in January-October, while imports reached USD 3.6 billion.
The value of imports of automobiles amounted to USD 628.5 million this year, so cars are the most valuable imported item from the EU to Georgia. The second place among the items imported from the EU was taken by oil and oil products with USD 360.4 million spent on them. Packaged medicines took the third place with the export equaled to USD 245 million in January-October. Trucks worth USD 87.5 million and mobile phones worth USD 68.3 million were also found among the top five products imported from the EU.
The situation observed in terms of exports in relation to the EU is different. Locally produced or obtained products are mostly exported by the EU, though exports is only 12% of trade turnover, in terms of goods. They sell Georgian hazelnuts in the EU at the highest value, reaching USD 45.3 million in January-October of this year. Copper ores and precious metals are in second and third place (USD 42.5 million and USD 39.8 million, respectively). Oil and oil products (USD 30.5 million) and Georgian wine (USD 26.8 million) are also in the top five exported items this year.
Georgia’s foreign trade turnover reached a historical maximum, or record, for this period of the year in January-October 2024 (USD 19 billion, almost USD 1 billion, or 5.5%, more than last year. In case if the trend of import-export increase continues until the end of the year, the current year is also likely to be a record in this regar. The total turnover attained USD 21.7 billion last year.
Imports and exports data still form a sharp skew of foreign trade towards imports. The nature of the Georgian economy can explain this. In January-October 2024, exports almost attained USD 5.5 billion, while imports reached USD 13.5 million. There was an increase of exports by 7.4% annually and a growth of imports by 4.8% accordingly. Light vehicles have a significant influence on the growth of both imports and exports.
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 exported 18.981 million tonnes of grain and pulses between the beginning of the 2024-2025 marketing year (MY) and December 9, 2024, including 606 tonnes shipped this month, Ukrainian media said with reference to the press service of the Agrarian Policy and Food Ministry, which, in turn, cites the State Customs Service’s data. Ukraine’s total … Read more
In January-October 2024, Georgia-EU trade turnover exceeded USD 4 billion, USD 362 million or 9.8% more than last year. Considering that for 2023, the turnover amounted to USD 4.5 billion, 2024 might seem a record year in terms of trade with the EU. In the first ten months of this year, trade with the EU … Read more
Compared to the previous year, Georgia-EU trade turnover increased by 9.8% (USD 362 million) in January-October 2024 and exceeded USD 4 billion. It makes 2024 a record year in terms of trade with the EU, taking into account that the turnover for 2023 amounted to USD 4.5 billion. 88% of the trade turnover with the EU accounted for imports in the first ten months of this year. The volume of exports was only USD 456 million in January-October, while imports reached USD 3.6 billion.
The value of imports of automobiles amounted to USD 628.5 million this year, so cars are the most valuable imported item from the EU to Georgia. The second place among the items imported from the EU was taken by oil and oil products with USD 360.4 million spent on them. Packaged medicines took the third place with the export equaled to USD 245 million in January-October. Trucks worth USD 87.5 million and mobile phones worth USD 68.3 million were also found among the top five products imported from the EU.
The situation observed in terms of exports in relation to the EU is different. Locally produced or obtained products are mostly exported by the EU, though exports is only 12% of trade turnover, in terms of goods. They sell Georgian hazelnuts in the EU at the highest value, reaching USD 45.3 million in January-October of this year. Copper ores and precious metals are in second and third place (USD 42.5 million and USD 39.8 million, respectively). Oil and oil products (USD 30.5 million) and Georgian wine (USD 26.8 million) are also in the top five exported items this year.
Georgia’s foreign trade turnover reached a historical maximum, or record, for this period of the year in January-October 2024 (USD 19 billion, almost USD 1 billion, or 5.5%, more than last year. In case if the trend of import-export increase continues until the end of the year, the current year is also likely to be a record in this regar. The total turnover attained USD 21.7 billion last year.
Imports and exports data still form a sharp skew of foreign trade towards imports. The nature of the Georgian economy can explain this. In January-October 2024, exports almost attained USD 5.5 billion, while imports reached USD 13.5 million. There was an increase of exports by 7.4% annually and a growth of imports by 4.8% accordingly. Light vehicles have a significant influence on the growth of both imports and exports.
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 Ukrainian government cancelled export licensing for certain types of agricultural products, including grains, legumes, oilseeds and oil, starting from December 1, 2024, at a meeting on Friday, Ukrainian media said, citing the Economy Ministry’s press service. “The export control system will take effect on December 1, enabling automatic tracking of exports of certain types … Read more
The overall external trade in the Republic of Serbia for the period January-October 2024 amounted to: – USD 61625.5 million – which was an increase of 4.8% compared to the same period last year; – EUR 56661.5 million – which was an increase of 4.1% compared to the same period last year. The value of … Read more
In January-October 2024 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 19 025.3 million, 5.5 percent higher year-on-year. The exports equaled 5 468.4 million (7.4 percent higher), while the imports stood at USD 13 556.9 million (4.8 percent higher). The negative trade balance was USD 8 088.5 million in January-October 2024 … Read more