Georgia’s foreign trade has surged – who are Georgia’s largest partners?

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

ILSTC Trade Corridor Alliance accepts Serbian Chamber

PKS following the Alliance’s official formation made the announcement that the Serbian Chamber of Commerce (PKS) has become a co-founder and member of the newly established Alliance of Chambers of Commerce for the International Land-Sea Trade Corridor (ILSTC), aimed at connecting Western China with Southeast Asia and Europe. Over 20 national chambers of commerce and industry, from the Philippines to Indonesia are brought together by the ILSTC Chamber Alliance.

Marko Čadež, President of PKS, called for uniting not only businesspeople to trade more efficiently along the corridor but also for sparking collective innovation and creating a shared platform for startups from ILSTC member countries, especially those focused on new technologies in logistics, during the inauguration ceremony in Beijing.
The importance of international cooperation, not just in trade but in fostering business growth, was also emphasized and last month’s founding meeting of the Alliance in China, where member chambers agreed to work jointly on improving trade, logistics, and transport across the corridor was recalled by him.
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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Ministry reports 5 mln tonnes more of grain exported by Ukraine in 2024-2025 marketing year than a year before

According to Ukrainian media with reference to the Agrarian Policy and Food Ministry’s press service and data from the State Customs Service, 17.764 million tonnes of grain and legumes have been exported by Ukraine since the beginning of the 2024-2025 marketing year as of November 27, of which 3.365 million tonnes were shipped in November.
As the media reports said, 2.693 million tonnes of grain were exported by Ukraine in 2023-2024 marketing year, including 3.453 million tonnes in last November.
According to the reports, 8.73 million tonnes of wheat (989,000 tonnes in November), 1.841 million tonnes of barley (142,000 tonnes), 10,800 tonnes of rye (200 tonnes) and 6.886 million tonnes of corn (2.205 million tonnes) were exported by Ukraine in the 2024-2025 marketing year.
They estimated the total Ukrainian flour exports at 30,500 tonnes (5,000 tonnes in November), including wheat flour at 27,800 tonnes (4,500 tonnes) as of November 27.
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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Ukraine exported 5 mln tonnes more of grain in 2024-2025 marketing year than a year before – ministry

Ukraine has exported 17.764 million tonnes of grain and legumes since the beginning of the 2024-2025 marketing year as of November 27, of which 3.365 million tonnes were shipped in November, Ukrainian media reported, citing the Agrarian Policy and Food Ministry’s press service and data from the State Customs Service. Ukraine exported 2.693 million tonnes … Read more

Serbian Chamber Joins ILSTC Trade Corridor Alliance

The Serbian Chamber of Commerce (PKS) has become a co-founder and member of the newly established Alliance of Chambers of Commerce for the International Land-Sea Trade Corridor (ILSTC), aimed at connecting Western China with Southeast Asia and Europe. The announcement was made by PKS following the Alliance’s official formation. The ILSTC Chamber Alliance brings together … Read more

The EU constitutes 8.4% of Georgia’s exports

Georgia’s exports to the EU equaled $456 million, a 25% decline compared to 2023, seeing the EU’s share in Georgia’s total exports drop to 8.4%. Top Exported Commodities: Hazelnuts and other nuts: $45.3 million (+20% Year-on-Year) Copper ores and concentrates: $42.5 million (-85% YoY) Precious metal ores and concentrates: $39.8 million (+2,445% YoY) Oil and … Read more

Cambodia, UK foreign ministries sign MoU

Cambodia and the United Kingdom have signed a Memorandum of Understanding (MoU) on the establishment of bilateral political consultations between the two countries’ foreign ministries. “The two heads of delegations from Cambodia and the United Kingdom signed the Memorandum of Understanding, on the establishment of bilateral political consultations between the two foreign ministries,” the Ministry … Read more

UAE, Scotland sign MoU to boost trade, deepen tech ties

UAE and Scotland have signed a Memorandum of Understanding (MoU) to boost bilateral trade and private-sector and academic partnerships in the fields of advance technology, innovation, education and research. In particular, the MoU, signed between Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, and Scotland’s Cabinet Secretary for Wellbeing Economy, Fair Work … Read more

Signing of India-UK trade pact hits hurdle FT

New Delhi is reportedly facing troubles reaching a trade deal with London that has been in the works since 2021 India and Britain are unlikely to sign a free-trade agreement (FTA) this month as London is seeking “better terms” in the area of “goods and services,” the Financial Times reported on Wednesday, quoting unnamed officials. … Read more