According to the National Statistics Office of Georgia (Geostat), preliminary data, Georgia’s foreign trade increased by 15.3% year-on-year in January-April 2025, compared to the same period last year, reaching USD 7.76 billion. Exports rose by 14.2% to USD 2.01 billion, while imports increased by 15.7% to USD 5.74 billion. As a result, Georgia’s trade deficit … Read more
n January-April 2025 Georgia’s external Merchandise Trade (excluding non-declared trade) reached USD 7 755.7 million, 15.3 percent higher year-on-year.
The value of export attained USD 2 014.4 million (14.2 percent up), while the import reached USD 5 741.3 million (15.7 percent increase).
The share of trade deficit in trade turnover constituted 48.1 percent, and it totally attained USD 3 726.9 million.
In April, exports equaled to $616 million (in April 2024- $437.2 million), 41% up year-on-year, while imports amounted to $1 billion 399 million (3.6% down compared to $1,452.3 million in April 2024).
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 Trend reports via Akorda, President of Kazakhstan Kassym-Jomart Tokayev has held talks with Serbian President Aleksandar Vučić.
At the meeting, President Tokayev emphasized the importance of his official visit to Belgrade in November last year for strengthening mutual understanding and developing multifaceted cooperation between Kazakhstan and Serbia.
Also, the agreements signed at that time across various sectors, including trade and investment, industry, energy, construction, agriculture, transport, digitalization, artificial intelligence, and military-defense cooperation were highlighted by him.
In response, President Vučić insured that Serbia’s was interested in further expanding its strategic partnership with Kazakhstan.
Dialogue on bilateral and international issues will continue during the upcoming visit of the Serbian president to Astana, as both leaders expressed their desire to implement previously reached agreements.
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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As the Financial Times said on Wednesday, the European Union is preparing to raise tariffs on certain Ukrainian goods.
After the beginning of the Ukrainian crisis, the majority of Ukrainian goods got duty-free access to the EU market as transitional measures until June 6, 2025.
According to the Financial Times, the situation will continue while the two sides are updating their overall trade agreement.
Nevertheless, the tariff-free quotas of agricultural products would be drastically cut by this transitional proposal, recently sent to EU member states.
As the Financial Times said, the EU followed the example of Poland and is trying to protect European farmers from cheaper products from Ukraine.
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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The European Union is preparing to raise tariffs on certain goods from Ukraine, the Financial Times said on Wednesday, citing its sources. “The EU is preparing to apply much higher tariffs on Ukrainian imports within weeks,” the Financial Times said. As the Ukraine crisis began, the EU allowed duty-free imports of the majority of Ukrainian … Read more
President of Kazakhstan Kassym-Jomart Tokayev has held talks with Serbian President Aleksandar Vučić, Trend reports via Akorda. During their meeting, President Tokayev warmly recalled his official visit to Belgrade in November last year, emphasizing its importance in strengthening mutual understanding and developing multifaceted cooperation between Kazakhstan and Serbia. He highlighted the agreements signed at that … Read more
External Merchandise Trade (excluding non-declared trade) of Georgia amounted to USD 7 755.7 million in January-April 2025, 15.3 percent higher year-on-year. The value of export increased by 14.2 percent reaching USD 2 014.4 million, while the import increased by 15.7 percent and amounted to USD 5 741.3 million. The trade deficit equaled USD 3 726.9 … Read more
As European Commission Spokesperson Olof Gill said in Brussels on Wednesday, the European Commission will update the Deep and Comprehensive Free Trade Agreement (DCFTA) with Ukraine instead of extending the Autonomous Trade Measures (ATM).
As he said, the European Commission’s current priority is “to work on the review of the EU-Ukraine Deep and Comprehensive Free Trade Area”.
Also, Gill spoke about possible transitional measures in case the negotiations for reviewing the DCFTA are not finalized and applied by the 6th of June.
Ukraine has had liberalized trade with the EU since June 2022.
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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The report published by PLC Research says that Georgia increased total beverage exports at a CAGR of 10% from 2017 to 2023, and it reached USD 463 million in 2023. However, the increase of SME exports had a lower CAGR of 6%, while the growth of the value added in the sector had a CAGR of 11% and reached GEL 739 million in 2023 (1.9% of total value-added).
Nevertheless, there is a significant decline of the EU’s share in total beverage exports from 2017 to 2023 due to limited access to quality raw materials, outdated machinery, a shortage of skilled labor (particularly outside Tbilisi), and logistical constraints.
Another challenge is compliance with EU standards and Deep and Comprehensive Free Trade Area (DCFTA) regulations due to the high cost of obtaining certification and a lack of specialized expertise among SMEs.
Also, high interest rates, limited trade finance options, and cash flow challenges when exporting directly to supermarkets constrain access to financing for export operations.
The document reports that significantly higher shares of total exports and exports to the EU compared to other beverage types were accounted for “ethyl alcohol, spirits, liqueurs, and other spirituous beverages” and “natural/artificial mineral and aerated waters” from 2017 to 2023.
Nevertheless, different composition of other most exported beverage types in the two cases demonstrated different consumer preferences and market conditions in the EU. For example, 15% of total beverage exports belonged to “Flavored mineral aerated waters, containing added sugar or sweetening matter”, but only 2% of exports to the EU. In the same way, the share of “beer” exports was relatively small in exports to the EU compared to total exports. Opposingly, “fruit and vegetable juices” were more successful in exports to the EU.
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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From 2017 to 2023, Georgia’s total beverage exports grew at a CAGR of 10%, reaching USD 463 million in 2023. SME exports also increased, though at a lower CAGR of 6%, meaning SMEs’ share in total exports declined over time. Despite overall export growth, the share of exports to the EU declined significantly during this … Read more