NEWS

Georgia’s largest export partners are Russia, China and Turkey

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The amount of USD 459.0 million (38.5 percent up) was attained by the exports of Georgia (excluding non-declared exports) in January 2023. The domestic exports got the share of 56.4 percent (USD 258.8 million) in the total export (11.8 percent increase compared to the same period of 2022.
The top ten trading partners of Georgia by domestic exports got the share of 86.2 percent in the total domestic exports in January 2023. Russia (USD 76.7 million), China (USD 28.5 million) and Turkey (USD 27.5 million) were the top partners.
The first place in the list of top export items (USD 68.1 million, 26.3 percent of total exports) was reclaimed by copper ores and concentrates in January 2023. The share of the exports of ferroalloys in the total exports amounted to USD 50.8 million (19.6 percent). The third place was occupied by the exports of the nitrogenous fertilizers (USD 20.8 million, 8.0 percent of the total exports).

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The volume of $ 1 461.8 mln was attained by Georgia’s external merchandise trade in January 2023

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The amount of USD 1 461.8 million (29.1 percent up compared to the same period of 2022) was achieved by the external merchandise trade (excluding non-declared trade) of Georgia in January 2023. The volume of the exports attained USD 459.0 million (38.5 percent increase), the amount of the imports equaled to USD 1 002.8 million (25.2 percent growth). The share of the negative trade balance in external trade turnover reached 37.2 percent (USD 543.9 million) in January 2023.
The top ten trading partners of Georgia by exports got the share amounted to 83.6 percent in the total exports in January2023. Russia (USD 87.8 million), Armenia (USD 69.8 million) and Azerbaijan (USD 51.9 million) were the top partners.
The top ten trading partners of Georgia by imports got the share amounted to 68.8 percent in the total imports in January 2023. Russia (USD 175.8 million), Turkey (USD 164.7 million) and Azerbaijan (USD 68.5 million) were the top partners.
The top ten trading partners of Georgia got the share amounted to 68.4 percent in the total external trade turnover in January 2023. Russia (USD 263.6 million), Turkey (USD 196.1 million) and Azerbaijan (USD 120.4 million) were the top trading partners.
The first place in the list of top export items (USD 104.3 million, 22.7 percent of total exports) was reclaimed by motor cars in January 2023. The share of the exports of copper ores and concentrates equaled to USD 68.1 million (14.8 percent of the total exports). The third place was occupied by the exports of ferro-alloys (USD 50.8 million, 11.1 percent of the total exports).
Petroleum gases and other gaseous hydrocarbons (USD 92.1 million (9.2 percent of the total imports) were the top import commodities in January 2023. The list was followed by the motor cars (USD 86.4 million (8.6 percent of imports). The third place in the top import commodity list was taken by the petroleum and petroleum oils (USD 82.3 million (8.2 percent of imports).

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Ukraine’s trade turnover shrinks by 35%

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In January 2023, Ukraine’s trade turnover totaled $7.9 billion, down 35% compared to the corresponding period in 2022. “In January, Ukraine imported goods to the tune of $4.8 billion and exported goods to the tune of $3.1 billion. At the same time, taxed imports totaled $4.0 billion, accounting for 83% of the total volume of … Read more

Digital Development and Transport Minister: Transit cargo volume hikes by 57 percent

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The volume of transit cargo through Azerbaijan hit 843.000 tons in January this year, up by 57% from 306.000 tons in the corresponding month a year earlier, said Azerbaijan`s Minister of Digital Development and Transport Rashad Nabiyev. Of total volume of freight transportation, 535,000 tons of transported goods were moved by rails while 308,000 tons … Read more

The website of the Development Agency of Serbia has published guides for export of fruit and vegetables to the Markets of USA, Middle East and Nordic Region

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According to the Food and Agriculture Organization of the United Nations (FAO), the website of the Development Agency of Serbia has published three detailed electronic guides for the export of fruit and vegetables to the markets of the USA, the Middle East and the Nordic Region.
The publications are aimed at boosting the competitiveness of the agricultural and food sector of Serbia. To achieve this aim, it is planned to inform additionally and educate local producers and exporters about the possibilities and an efficient placement of local products on important and growing foreign markets.
Guides specifically deal with the export of fresh, frozen and processed fruit and vegetables to the markets of the USA, the Middle East (United Arab Emirates and Saudi Arabia) and the Nordic Region (Sweden, Norway, Finland and Denmark).
Great potential of the chosen markets for the import of fruit and vegetables, connected with an extreme demand which makes it necessary for the companies to be well prepared and ready to deliver products of high quality, to fulfill the necessary standards for the placement of products in retail chains, specific to each country, was pointed out.
Moreover, in order to follow the market trends and to export the products successfully, companies need to meet the main requirements, such as the existence of functional, modern and attractive products packaging, familiarity with the procedures for entering distribution channels and the manner of negotiating.
A detailed analysis of the observed market, with specific trends regarding the demand for fruit and vegetables and a description of the expectations and behaviors of the consumers in that market, significant to the adequate packaging design, the creation of marketing campaign and the placement of the offer can be found in each guide.
The regulations and procedures for the import of fruit and vegetables to each market, along with the specification of the available distribution channels (importers/distributors, retail, HoReCa, online sales) and important fairs, conferences and publications are shown by the guides.
They have organized a series of free webinars for producers and exporters of fresh, frozen and processed fruit and vegetables from Serbia and the region within the project “Support to the Diversification of the Exports of the Agricultural and Food Sector of the Western Balkans and Eastern Europe” implemented by the FAO and the European Bank for Reconstruction and Development (EBRD).

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