NEWS

Blocking of Ukrainian wood products’ shipments by Polish customs

by

A complaint has come from members of the European Business Association (EBA) in Ukraine against the Polish customs that practically blocked woodworking industry products since March 15.
As the preliminary information of the EBA reports, the Polish side is stopping shipments to verify the origin of raw materials used by Ukrainian manufacturers, particularly to ensure compliance with sanctions. Nevertheless, the member companies of the EBA’s Woodworking and Furniture Committee have not got any specific claims regarding document discrepancies or violations from the Polish customs authorities.
As Ukrainian businesses claim, they have produced all the customs clearance documents required by Polish customs authorities, including supply contracts with branches of the Forests of Ukraine state company, delivery notes, logging tickets, certificates of origin, and other essential documents confirming the legality and transparency of their operations.
Nevertheless, despite all the required documents confirming the legality and origin of the raw materials, they continue to delay and block shipments, and the companies have to pay extra costs because of downtime and having to adjust their routine logistics chains.
As a result, production can be shut down due to prolonged shipment blockages, export contracts can be lost, mass layoffs, and a shortfall in tax revenues at all levels are also possible.
Consequently, the Ukrainian government, the Foreign Ministry, and the Economy Ministry should urgently help probe the reasons behind the blockages and find ways to settle the problem.
As the EBA pointed out, in 2023 and 2024 Polish customs authorities already caused a significant loss of European market clients for Ukrainian producers and seriously affected the competitiveness of domestic enterprises by similar actions.

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.

Source Link

European Business Association: Polish customs blocking shipments of Ukrainian wood products

by

Members of the European Business Association (EBA) in Ukraine have complained that woodworking industry products have been practically blocked at the Polish customs since March 15, Ukrainian media reported with reference to the EBA’s statement available on its website. “According to preliminary information, the Polish side is stopping shipments to verify the origin of raw … Read more

External trade, February 2025

by

The overall external trade in the Republic of Serbia for the period January – February 2025 amounted to: – USD 11533.9 million – which was an increase of 0.1% compared to the same period last year; – EUR 11110.1 million – which was an increase of 4.7% compared to the same period last year. The … Read more

Foreign Trade Up 15.6% in January-February 2025

by

The National Statistics Service of Georgia (Geostat) published preliminary data indicating that in January -February 2025, Georgia’s foreign trade increased by 15.6% year-on-year, totaling USD 3,567.6 million. In the same period, exports increased by 4% to USD 835.4 million, while imports grew by 19.6% to USD 2,732.2 million. As a result, the country’s negative trade … Read more

Commodity exchange is the aim of enhancing cooperation between Belarus and Serbia

by

As Aleksandr Bashliy, Head of foreign economic relations at BUCE, said during a seminar held in Belgrade on 25 March with support of the Belarusian Embassy in Serbia, The Belarusian Universal Commodity Exchange (BUCE) intends to expand cooperation with Serbian business communities, including through brokerage partnership.
During the seminar, Serbian companies were exploring the possibility of using exchange mechanisms to facilitate export-import transactions with Belarusian enterprises.
Also, Aleksandr Bashliy said that it would become possible to exchange trade between the two countries and to reach a brand-new level due to accrediting a brokerage company in Serbia to represent BUCE’s interests and facilitate the involvement of Serbian business communities in the Belarusian exchange platform.
According to him, Serbia is a key trading and economic partner for Belarus in the Balkans. This is why significant focus is placed on developing cooperation between our countries, including in exchange trading. As a result, the exchange trade between Belarus and Serbia increased by 37 times last year and by ten times in January-February 2025. to Nevertheless, it needs to enhance the level of Serbian business engagement in trading on BUCE’s platform despite the rapid growth in the exchange trade. However, it is possible to effectively address this matter by accrediting an exchange broker in Serbia, who would not only assist Serbian businesses in participating in trades but also handle payments and organize logistics.
As he pointed out, a local broker would significantly simplify access for Serbian companies to the Belarusian exchange market and diversify the trade structure.
At present, there are only eight accredited Serbian resident companies, which is not enough for better results in mutual trade. A broker would allow Serbian companies to start trading on the exchange platform more quickly, without spending time on paperwork, training and other preparatory activities. 54 brokerage companies, including 21 non-residents from 10 countries were accredited by BUCE as of 25 March 2025.
The Belarusian Universal Commodity Exchange, one of the largest commodity exchanges in Eastern Europe founded in 2004, organized its first trading session in June 2005. Assistance to Belarusian enterprises with export and foreign companies with entering the Belarusian market is its main function. A wide range of metal, forestry and agricultural products, industrial and consumer goods are sold by BUCE.
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.

Source Link

Ukrainian Railways halts 30% discount on agricultural shipments from March 20

by

Ukrainian Railways (Ukrzaliznytsia) suspended a 30% discount on the transportation of agricultural products for export from March 20, Ukrainian media cited the company’s press service as saying. The 30% discount was provided under the government’s resolution. Agricultural shipments will not be entitled to the discount and will be handled on equal terms starting midnight March … Read more

Belarus, Serbia aim to enhance cooperation via commodity exchange

by

The Belarusian Universal Commodity Exchange (BUCE) intends to expand cooperation with Serbian business communities, including through brokerage partnership, Head of foreign economic relations at BUCE Aleksandr Bashliy said during a seminar held in Belgrade on 25 March with support of the Belarusian Embassy in Serbia, the BUCE press service told BelTA. Attending the seminar were … Read more

Imports of electric vehicles have soared by nearly 100%

by

Imports of electric vehicles are at their peak. According to the National Statistics Office, in January-February this year, 927 units (16.388 million USD) of electric vehicles were imported into the country that is record high compared to previous years. In addition, about a 100% increase was recorded compared to the same period of 2024. For … Read more

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

by

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.

Source Link

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

by

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.

Source Link